US homebuilder sentiment slips in February
In this Tuesday, Jan. 26, 2016, photo, a man installs a roof on a new home under construction in Atlanta. On Tuesday, Feb. 16, 2016, the National Association of Home Builders/Wells Fargo releases its February index of builder sentiment. (AP Photo/John Bazemore)
U.S. homebuilders are feeling slightly less confident about their sales prospects ahead of the spring home-selling season, though they remain positive overall that the housing market will continue to improve this year.
The National Association of Home Builders/Wells Fargo builder sentiment index released Tuesday slipped to 58 this month, down three points from a revised reading of 61 in January.