NAHB component readings also dropped in June with builder confidence in current home sales one point lower at an index reading of 71. Home builder confidence in home sales conditions over the next six months dropped two points to 70 and builder confidence in buyer traffic was one point lower at 48.
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Builder Confidence Slips Two Points in July, remains solid july 18, 2017 Builder confidence in the market for newly-built single-family homes slipped two points in July to a level of 64 from a downwardly revised June reading on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
The Housing Market Index (HMI) is based on a monthly survey of NAHB members designed to take the pulse of the single-family housing market. The survey asks respondents to rate market conditions for the sale of new homes at the present time and in the next six months as well as the traffic of prospective buyers of new homes.
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Home builder confidence fell slightly in June to a reading of 59 according to the National Association of home builders housing market Index. Analysts had expected no change to June’s reading of 60. June components of the HMI were also lower. Builder confidence in current market conditions dropped by one point to 63; builder confidence in market conditions over the next six months fell three.
NAHB: Builder Confidence Slips in June Homebuilder confidence dropped two points in June according to the National Association of Home Builders Housing Market Index. June’s index reading was 64, which indicates strong sentiment among home builders for current housing market conditions.
But with the prospects of growth dimming, including in Europe’s biggest economy Germany which is about to slip into recession.
Builder Confidence Slips in June: Is Housing on Shaky Ground? June 19, 2018, so that we can continue to provide you with the first-rate market news and data you’ve come to expect from us..
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