Homebuilder confidence indicates housing stability

Homebuilder confidence

Homebuilder confidenceBy Anna Louie Sussman | The Wall Street Journal

A gauge of homebuilder sentiment held steady in March, a sign the U.S. housing market could be stabilizing after a soft start to the year.

An index of builder confidence in the market for new single-family homes remained at the seasonally adjusted level of 58 in March, the National Association of Home Builders said Tuesday, the second month it has remained at its lowest level since May. A reading over 50 means most builders generally see conditions as positive.

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