Confidence among home builders in the U.S. unexpectedly fell in May to its lowest level in a year, said Thursday the National Association of Home Builders (NAHB, for its acronym in English).
The Housing Market Index NAHB / Wells Fargo gave to 45 in May from a downward revision of 46 April, the group said in a statement.
Economists polled by Reuters predicted that the indicator would pick 49 in May.
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