Summary Box: US builder outlook down in April

AP News
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Posted: Apr 16, 2012 5:08 PM
Summary Box: US builder outlook down in April

OUTLOOK DOWN: The outlook for U.S. homebuilders fell in April after six months of rising or steady confidence, the National Association of Home Builders/Wells Fargo said Monday.

BELOW HEALTHY: The builder index fell this month to 25 from 28. Any reading below 50 indicates negative sentiment about the housing market. The index hasn't reached that level since April 2006, the peak of the housing boom.

EARLY START: The spring buying season got an early start because of a warm January and February, which contributed to the best winter for sales of previously occupied homes in five years.