Home Builder Sentiment Falls in April

Washington, DC, April 16, 2012 — Home-builder sentiment fell in April for the first time in seven months, according to the National Association of Home Builders/Wells Fargo housing market index.

The housing market index dropped 3 points to a seasonally adjusted 25 in April – on a scale of 0 to 100.

Economists  had anticipated a steady reading of 28.

The index hasn’t been in “good” territory, or at 50, since April 2006.

All of the index’s components fell in April.