Homebuilder sentiment cools in January from 18-year high

America’s homebuilders haven’t felt this good since the last millennium. On Monday, the National Association of home builders/wells fargo housing market index (HMI) – more commonly known as homebuilder sentiment – hit an 18-year high of 74, topping expectations for a reading of 70 and well above last month’s reading of 69.

America’s homebuilders haven’t felt this good since 1999. On Monday, the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) – more commonly known as homebuilder sentiment – hit an 18-year high of 74, topping expectations for a reading of 70 and well above last month’s reading of 69. This index is calculated on a scale of 1-100.

In the first month of 2018, buyer demand and homebuilder optimism look strong. positives remain in place for the sector. Homebuilding sentiment continues to linger near the 18-year high hit in.

America’s homebuilders haven’t felt this good since the last millennium. On Monday, the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) – more commonly known as homebuilder sentiment – hit an 18-year high of 74, topping expectations for a reading of 70 and well above last month’s reading of 69.

Homebuilder Sentiment in U.S. Cools in January From 18-Year High Bloomberg. U.S. Manufacturing Output Rose in December for Fourth Month Bloomberg. U.S. mortgage application volume hits six-week high: MBA Reuters. As Trump heads to Davos, survey points to rising risk of war Reuters

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.

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