US home builder confidence falls in March - Breaking The News
Download our appPlay StoreApp Store

US home builder confidence falls in March

EPA-EFE/ERIK S. LESSER

Builder confidence in the market for newly built single-family homes dropped further in March, declining from 42 in February to 39 in March, the National Association of Home Builders (NAHB)/Wells Fargo said in a release on Monday. Current sales conditions fell 3 points to 43, while sales expectations in the next six months were unchanged at 47. The traffic of prospective buyers dropped 5 points from February to 24.

29% of builders cut home prices in March, up from 26% in February. The average price reduction was 5% in March, the same as in February. The use of sales incentives was 59% in March, unchanged from February.

Related News
Swiss GDP growth forecast slightly lowered
Swiss gross domestic product growth estimate for 2025 was revised down from 1.5% to 1.4%, the country's State Secretariat for Economic Affairs (SECO) shared in its March report.More to come...
US retail sales up by 0.2% in February
Seasonally adjusted advance estimates of retail and food services sales in the United States saw a monthly increase of 0.2% to reach $722.7 billion in February, the US Census Bureau revealed in its report on Monday. The retail and food services sales advanced by 3.1% annually.Total sales for the quarter ending in February increased by 3.8% compared to the same period in the previous year.Meanwhile, retail trade sales climbed by 0.5% on a monthly basis...
Ifo revises down German GDP growth estimate to 0.2%
The Munich-based Institute for Economic Research (Ifo) revised down on Monday its forecast for Germany's economic growth in 2025 by 0.2 percentage points to 0.2%."While the construction and manufacturing sectors are deep in recession, the economic output of public service providers expanded strongly. Business and consumer-related services tended to develop sideways, in line with the overall economy," it was written in the report.For 2026, the gross...
Italian February inflation revised from 1.7% to 1.6%
Italy's annual inflation stood at 1.6% in February, the country's National Statistics Office (INE) said in its final report on Monday. The figure was revised from the preliminary reading of 1.7% and up from January's figure of 1.5%. The monthly rise in the consumer price index (CPI) was unchanged from the preliminary report at 0.2%.The acceleration was primarily driven by energy prices, with regulated energy products rising 31.4% annually, up from 27.5%...

Please observe our Terms of Use. The price information is time delayed to varying extents, but as a rule by 15 minutes or more, according to the regulations of the selected stock exchange and/or licensors and the type of securities.

© 2025 TeleTrader Software GmbH. All rights reserved

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.