U.S. Homebuilders Confidence Decline in January

Homebuilders’ confidence in the United States for the single-family home market declined during January, data showed on Wednesday.

The NAHB/Wells Fargo Housing Market index decreased to 83 in January from a previous reading of 86, against market expectations that saw the index remaining unchanged.

The index for sales expectations during the next six months decreased by two points to 83 in January.

The current sales conditions index fell by two points to 90.

Meanwhile, the prospective buyers’ index fell by five points to 68.