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US homebuilder confidence falters in January following record-setting high.. it slipped slightly in January – but still remains at an elevated level. That’s according to the results of a new monthly report released today by the National Association of Home Builders (NAHB).
U.S. Homebuilder Confidence Surges to 6-Year High. Any reading below 50 indicates negative sentiment about the housing market. The index hasn’t reached that level since April 2006, the peak of the housing boom. Still, a measure of builders’ outlook for sales in the next six months rose to 51.
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Homebuilder confidence surges to 6-year high. The index hasn’t reached that level since April 2006, the peak of the housing boom. Still, a measure of builders’ outlook for sales in the next six months rose to 51. That’s up from 43 in August and also the highest level since June 2006. Builders also reported seeing the best sales level since July 2006,
The National Association of Home Builders (NAHB) Housing Market Index (HMI) is a gauge of builder opinion on the relative level of current and future single-family home sales. It is a diffusion index, which means that a reading above 50 indicates a favorable outlook on home sales; below 50 indicates a negative outlook.
For April, the HMI ticked down to 68 from 71 in March. Though the index fell slightly in April, it has been above 50 for 34 consecutive months. The index has averaged 68 for the first four months of 2017, the best start to a calendar year since 2005. Among the component indexes, the index for new-home sales fell to 74 in April from 77 in March.
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Nationally, sales of new homes in May rose about 20 percent from a year earlier, while builder confidence hit its highest level in. "The new normal is people have fewer children, live in smaller.
Homebuilder confidence slightly declines, moves closer to normal levels February 15, 2017 / in Uncategorized / by Lindsay Posting its second report for the year, the National Association of Home Builders and wells fargo housing market index found that builder confidence continued its steady decline in February, gradually falling back to a normal range.
Home builder confidence makes seventh consecutive monthly gain Builder confidence is on the rise as the new home construction sector shows signs of improvement, particularly with current and.
"Builder confidence slightly exceeded expectations, rising two points to 58. The housing market has received a much needed reprieve from higher mortgage rates , which peaked near 5% in mid.