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Homebuilder Confidence in
U.S. Unexpectedly Fell in February

Bloomberg News, by Shobhana Chandra

Original Article

Posted By:NorthernDog, 2/20/2013 2:56:03 PM

Confidence among U.S. homebuilders unexpectedly dropped in February from a more than six-year high, a sign the real-estate market will take time to accelerate. The National Association of Home Builders/Wells Fargo builder confidence index fell to 46 from January’s 47 that matched the highest reading since April 2006, a report from the Washington-based group showed today. The median forecast in a Bloomberg survey of 50 economists called for a rise to 48. Readings lower than 50 mean more respondents said conditions were poor. Faster gains in employment and income and easier access to credit

Comments:
There´s a ceiling on how much home building could increase due to lingering Obamanomics, which are gumming up economic growth.

      


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Reply 1 - Posted by: JimJr, 2/20/2013 2:59:48 PM     (No. 9187194)

How [sigh] unexpected...

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Reply 2 - Posted by: jlmaca, 2/20/2013 3:01:07 PM     (No. 9187200)

$5 gallon gas, higher taxes everywhere, widespread inflation, higher unemployment. What a great environment for higher confidence in anything. Oh wait, I have higher confidence that Obama is destroying the economy!

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R-G1
  
R-VAR_AD


 
Reply 3 - Posted by: GreatGreyhounds, 2/20/2013 3:03:16 PM     (No. 9187202)

I don´t think the word ´unexpected´ means what they think it does...

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Reply 4 - Posted by: civilservant, 2/20/2013 3:05:06 PM     (No. 9187204)

LOL!!!!
Now I know why I kept reading articles over the weekend about how the RE market was recovering!

How else could it be ´unexpected!!´

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Reply 5 - Posted by: Emmajustin, 2/20/2013 3:25:44 PM     (No. 9187248)

It is only ´unexpected´ to the morons in Washington DC and liberals.

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Reply 6 - Posted by: keekng, 2/20/2013 3:44:19 PM     (No. 9187285)

The only thing "unexpected" is lack of impeachment proceedings.

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Reply 7 - Posted by: snowoutlaw, 2/20/2013 3:44:26 PM     (No. 9187286)

With interest rates near zero, getting the economy to be as bad as it is takes a lot of hard work by the Democrats. They have been laying groundwork for this my whole life and finally they are bearing the fruits of distruction of a once great economy.

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Reply 8 - Posted by: Mike43, 2/20/2013 3:45:34 PM     (No. 9187289)

And in Texas; home sales are up 30%, and prices are up 3%, on average.

We´re starting to get worried about a housing shortage, and apartments are at 90% occupation.

Gee, I wonder why??

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Reply 9 - Posted by: SheikYerBooty, 2/20/2013 3:50:02 PM     (No. 9187307)

Unexpectedly falls? I´m shocked!

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Reply 10 - Posted by: veritas, 2/20/2013 4:12:18 PM     (No. 9187366)

No one expected it to be unexpected. Or something....

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Reply 11 - Posted by: nimby, 2/20/2013 4:40:33 PM     (No. 9187453)

There was no confidence to start with!! The goobermint just made up some numbers to get Obama re-elected. And now, the country can start feeling the pain!!

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Reply 12 - Posted by: nonsense, 2/20/2013 5:42:33 PM     (No. 9187571)

The day the economy finally collapses it will be "unexpected" to these morons.

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B-G1


 
Reply 13 - Posted by: yorkiemom, 2/20/2013 6:15:57 PM     (No. 9187630)

Oh goody, unexpectedly is back.

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