US: Home Builder Sentiment Stays Steady in March

New York Gay Marriage PollU.S. homebuilder sentiment was unchanged in March to hold at the highest level since June 2007, while sentiment in February was revised lower, the National Association of Home Builders said Monday.

The NAHB/Wells Fargo Housing Market index held steady at 28, the group said in a statement, shy of economists’ expectations for 30.

February’s reading was revised down to 28 from 29. After stagnating in a tight range, the index has gained 14 points since September 2011, reinforcing optimism the housing market is finding a bottom.

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