Homebuilder Optimism Slips in May as Housing Reels from Severe Weather
An index from the National Association of Home Builders/Wells Fargo showed that builder confidence slipped to 45 in May, down from 46 in April. The reading reflects a harsh winter, coupled with higher prices and tighter lending standards. However, builders may soon be more confident about the market "once job growth becomes more consistent," said David Crowe, chief economist of the NAHB.
Trenton H. Cotney
Florida Bar Certified Construction Lawyer
Trent Cotney, P.A.
407 North Howard Avenue
Tampa, FL 33606