Builder confidence in the market for newly built single-family homes was 32 in August, down one point from July, according to the National Association of Home Builders/Wells Fargo Housing Market Index. The current sales conditions index fell one point to 35, sales expectations in the next six months held at 43 and traffic of prospective buyers rose two points to 22.
Fed chair nomination hearing scheduled for next week
The Senate Banking Committee will hold a hearing next week on the nomination of Kevin Warsh to become the next chairman of the Federal Reserve.










