Homebuilder sentiment falls in February

Homebuilder sentiment fell to a nine-month low in February, according to the National Association of Homebuilders' latest report.

The NAHB's housing market index fell to 58 and had been forecast at 60, as confidence declined across all four US regions according to Bloomberg.

Last month's print was revised upwards to 61 from 60.

The monthly report gauges NAHB members' outlook for the sale of new homes right now and in six months to come. Later this week, we'll get data on housing starts and building permits.

More to come ...

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