(Reuters) - A plunge in U.S. homebuilder confidence reported on Tuesday reflects a range of problems facing the constructionindustry seven years after the housing crash, challenges that go deeper than the severe winter weather blamed for much of the gloom.
The National Association of Home Builders said on Tuesday that builder confidence dropped 10 points between January and February, from 56 to 46, the largest drop since the survey began in 1985. Readings below 50 mean more builders view market conditions as poor than favorable.
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