Builder Confidence Declined in June but Remained Positive
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However, it still remained at a confident level of 64 points as any reading above 50 is considered positive. This index primarily. Nonetheless, the latest spike in builders’ confidence reassures.
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The National Association of Home Builders/Wells Fargo builder sentiment index released Tuesday slipped to 58 this month.. U.S. homebuilder confidence slips, but remains positive overall.
IHS Markit’s (purchasing managers’ index) survey of service sector companies continued to strengthen in the short term, as the index rose from 51.5 in June. to a decline in confidence.
U.S. Housing Starts Decline in June. of Home Builders (NAHB), saw a more positive outlook for the future. "The monthly pick up from May to June in single-family starts is in line with the slight rise in our latest builder confidence survey, as demand remains solid due to a healthy.
The component gauging current sales conditions fell five points to 17, while the component gauging sales expectations for the next six months declined four points to 23 (from a one-point downward revised index level of 27 in May) and the component gauging traffic of prospective buyers fell two points to 14.
However, the National Association of Home Builders revealed that builder confidence declined from May to June, with confidence now lower than it was at the same time last year.
Builder confidence for new single-family homes is at its highest level since October after a slight uptick in the April National Association of Home Builders/Wells Fargo Housing market index (hmi). This month’s HMI rose one point to 63 after back-to-back months of 62 in February and March.
Growing affordability concerns resulted in builder confidence in the market for newly-built single-family homes falling eight points to 60 in November on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Despite the sharp drop, builder sentiment still remains in positive territory.
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Builder confidence in the market for newly-built single-family homes rose one point to 65 in July, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today. This marks the sixth consecutive month that sentiment levels have held at a steady range in the low- to mid-60s.
However, the number of homes authorized but not yet under construction has declined to 85,000 after reaching a peak of 103,000 in December. Multifamily construction also declined in June by about 10%, following a particularly strong month of May.