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March 19, 2013

Supply, labor shortages weigh on U.S. builders

  • The National Association of Home Builders/Wells Fargo builder sentiment index fell to 44 in February.
    • By ALEX VEIGA
    AP Real Estate Writer

    Confidence among U.S. homebuilders fell this month because of concerns that increased demand for new homes is exceeding supplies of ready-to-build land, building materials and workers.

    In the short term, those constraints could slow sales. But builders' outlook for sales over the next six months has reached its strongest point in more than six years.


     
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