Homebuilding Confidence Slips this Month

U.S. home-builder confidence slipped in June, a sign of weakening sentiment in a key sector of the economy. Continue Reading Below The National Association of Home Builders housing market index fell.

So far this year, starts have fallen 9.7 percent. U.S. home construction slipped 0.3 percent in March, as housing starts are running below last year’s pace in a sign that inventory could be a challenge for would-be buyers.

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The 30-year U.S. bond yield, now at 1.921%, has fallen 60 basis points so far this month, to slip below dividend yield of U.S.

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.

The percent decline was the largest in eight months, and bad weather could have contributed to the sharp drop in homebuilding last month. Homebuilding fell in three of the four regions in February. U.S. Home-Builder Confidence Slips in June: By Harriet Torry .

Despite rising new home sales and an increase in building permits nationwide, home builder confidence slipped to a 9-month low in June. The monthly Housing Market Index from the National Association of Homebuilders registered 13 this month — three ticks lower than last month, and its lowest level since September 2010.

The consumer confidence index (CCI) declined from 100.8 to 98.5 in April after increasing 3.6 percent in the previous month, according to a survey conducted by Danareksa Research Institute (DRI).

The confidence level among the nation’s homebuilders slipped in June to the lowest level this year and below its six-month average of 70 as tariffs on lumber and other imported materials are.

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Builder confidence dipped in March, falling for the third consecutive month, however it is still at a high level historically, according to the latest Housing Market Index released by the National.

3 Things to Know in the Housing Market Today! Some we just don’t know yet. The following three areas of the housing market are critical to understand: interest rates, building materials, and the outlook for an economic slowdown. 1. Interest Rates. One of the most important things to consider when buying a home is the interest rate you will be charged to borrow the money.

Homebuilder Confidence Slips in September.. The drop in the HMI may signal some moderation in new home sales and homebuilding during the latter part of 2017. The confidence level among the nation’s homebuilders slipped slightly in the first month of 2018 after reaching an 18-year. taxes is also expected to hurt sales to quite an extent.