partlycloudy
Sunday May 1st, 2016 9:39PM

US homebuilder confidence sinks in February

By The Associated Press
U.S. homebuilders' confidence in the housing market has declined sharply as the severe weather battering much of the nation keeps many would-be buyers at home.

Storms and cold weather dampened builders' outlook for sales ahead of the spring home-selling season and could further slow the pace of home construction.

The National Association of Home Builders/Wells Fargo builder sentiment index slid to 46. That's down from January's reading of 56 and is the lowest level since May.

Readings below 50 indicate that more builders view sales conditions as poor rather than good.

Builders' view of current sales conditions for single-family homes, their outlook for sales over the next six months and traffic by prospective buyers have all declined since January.

Economists predict that U.S. sales of new homes fell last month.
© Copyright 2016 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Judge denies motions to move, delay Tsarnaev trial
Lawyers for Boston Marathon bombing suspect Dzhokhar Tsarnaev asked a federal appeals court Wednesday to overturn a judge's decision to not move his upcoming trial out of state.
10:02PM ( 1 year ago )
High court to adopt electronic filing of cases
The Supreme Court is belatedly developing an electronic filing system similar to those used in courts around the country, Chief Justice John Roberts said Wednesday in his annual end-of-year report.
7:57PM ( 1 year ago )
Storm brings snow, cold to West for New Year's
A blustery winter storm dumped snow and ice across the West on Wednesday, making driving treacherous in the mountains from California to the Rockies and forcing residents and party-goers in some usually sun-soaked cities to bundle up for a frosty New Year's.
5:19PM ( 1 year ago )
U.S. News
State DOT awards $48M contract for NE Ga. road project
The state Department of Transportation has awarded a $47.8 million contract for nine miles of work on a northeast Georgia road.
9:37AM ( 1 year ago )
Business News
Grass fire impacts rush hour traffic on 985
Rush hour traffic on I-985 was slowed by a grass fire Wednesay afternoon with one lane closed while firefighters fought the blaze.
10:19PM ( 1 year ago )
Hall County conviction, sentencing to be reviewed by SCOGA
The State Supreme Court has agreed to hear the appeal of a Hall County man when they reconvene in January.
2:37PM ( 1 year ago )
Maysville man dies from Banks County wreck
The Georgia State Patrol reports that alcohol and/or drugs were factors a single-vehicle wreck that claimed the life of a Maysville man in Banks County Tuesday night.
11:07AM ( 1 year ago )
Local/State News
The Latest: Buffett says real estate less attractive
Warren Buffett says real estate appears to be a less attractive investment than it used to be, but he doesn't see a nationwide bubble in prices
4:45PM ( 1 day ago )
Obama boosts Islamic State fight, asks Europe to do the same
Evoking history and appealing for solidarity, President Barack Obama on Monday cast his decision to send 250 more troops to Syria as a bid to keep up "momentum" in the campaign to dislodge Islamic State extremists. He pressed European allies to match the U.S. with new contributions of their own.
By The Associated Press
11:02PM ( 5 days ago )
Sept. 11 families upset by White House effort to derail bill
Families of the victims of the Sept. 11 attacks say they are "greatly distressed" that the Obama administration is working to derail legislation they back.
7:34PM ( 1 week ago )
Obama claims progress on Islamic State amid worrying signs
Obama claims progress in U.S.-led fight against Islamic State, but political turmoil in Iraq and renewed violence in Syria threatens hard-fought gains
6:56PM ( 2 weeks ago )
Atlanta Hawks player sues New York City over arrest
Atlanta Hawks player Thabo Sefolosha filed a federal lawsuit against New York City on Wednesday, alleging he was unjustly arrested outside of a trendy nightclub last year during a fracas that left him with a broken leg and ended his NBA season.
By The Associated Press
8:38PM ( 3 weeks ago )