Homebuilder sentiment inches lower despite demand for single-family homes
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New home sales sank 7.8% in May, despite a big drop in mortgage rates.. buoying the case for lower rates.. Homebuilder sentiment inches lower despite demand for single-family homes.
"Overall, builder sentiment remains fairly solid, with this slight downturn largely attributable to the unusually high snow levels across much of the nation," said nahb chairman tom woods, a home.
Mortgage rates have been falling steadily since the last week of April, and that may be reigniting home price appreciation. The lower the rate, the more purchasing power buyers have. Home price gains had been shrinking since last summer, when rates rose sharply, but are now making a U-turn with rates falling pretty steadily since. Read More
The index released Monday by the National Association of Home Builders/Wells Fargo sentiment climbed to 64 in October, the most lofty level since October 2005, from 61 last month. The gauge’s reading.
Homebuilder sentiment inches lower despite demand for single-family homes . Source: CNBC. The nation’s homebuilders reported solid confidence in the housing market in June, but levels dropped slightly due to concerns over . read more
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June 17- A private gauge of U.S. home builder sentiment fell in June, retreating from a six-month high, as rising building costs and trade worries.. "While demand for single-family homes.
U.S. Homebuilder Sentiment Rises to Six-Month High as Sales Gain. "Builders report solid demand for new single-family homes but they are also grappling with affordability concerns stemming from a chronic shortage of construction workers and buildable lots," NAHB Chairman Greg Ugalde, a.
PulteGroup, Inc. engages in the homebuilding business, acquiring and developing land to construct homes.The Atlanta-based homebuilder offers a range of designs, including single-family detached.
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U.S. home builder confidence retreats despite lower mortgage rates The National Association of Home Builders and Wells Fargo said on Monday their index of builder confidence in newly built, single-family homes fell to 64 from 66 in May.
Sentiment has remained in the low 60s for the past five months. Anything above 50 is considered positive. "While demand for single-family homes remains sound, builders continue to report rising development and construction costs, with some additional concerns over trade issues," said NAHB Chairman Greg Ugalde, a home builder and developer from Torrington, Conn.