U.S. home builders remained cautious about the housing market in March, suggesting a driver of the recovery might be sputtering for reasons beyond the severe winter weather. The National Association ... more 
U.S. home builders remained cautious about the housing market in March, suggesting a driver of the recovery might be sputtering for reasons beyond the severe winter weather. The National Association of Home Builders said Monday that builder confidence in the market for single-family homes rose just one point from a month earlier to a seasonally adjusted 47 in March. Builders reported they were slowed by poor weather, but also said they were also hampered by difficulties finding labor and land. Home builders are also facing headwinds aside from the weather. Interest rates are elevated from a year ago, making houses less affordable for borrowers. Also there is a shortage of buildable lots, skilled workers, and rising materials prices and an extremely low inventory of new homes for sale. less 
1 / 23
Wochit
Mon, Mar 17, 2014 12:33 PM EDT