US home-builder confidence slips in June

Home builder confidence dropped slightly for June, with a NAHB Market Index reading of 64, against a 66-reading last month, and a consensus expectation of 67. The Housing Market Index (HMI) is based on a survey of home-building members and is designed to get a read on the market for single-family housing.

The report from the Commerce Department on Wednesday added to a raft of weak data on trade, consumer confidence, housing and employment. by Reuters had forecast durable goods orders would slip 0.1.

US Builder Confidence Slips Two Points in July, Remains Solid – 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). It is the lowest reading since November 2016. .

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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.

U.S. home-builder confidence slipped in June, a sign of weakening sentiment in a key sector of the economy.

NAHB: Builder Confidence Slips in June. by John Evans | Jun 20, 2019 | Market Outlook. Homebuilder confidence dropped two points in June according to the.

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.

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.

The U.S. jobs report is due Friday and is projected to show nonfarm payrolls rose by 164,000 in June. confidence” in the australian economy. “outlook for the global economy remains reasonable”, but.

New-home sales slump 7% in April after reaching the best level of the cycle – MarketWatch – UKA News From the NAR: pending home sales Rise in January to Highest Level in 18 Months The Pending Home Sales Index, a forward-looking indicator based on contract signings, climbed 1.7 percent to 104.2 in January from an upwardly revised 102.5 in December and is now 8.4 percent above January 2014 (96.1).

US home construction slips 0.9% in May, reflecting big drop in. builder confidence dipped to a still solid reading of 64 in June, down from 66.

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