Homebuilder sentiment declines to an eight-month low

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Sentiment among homebuilders deteriorated to an eight-month low in July on concerns about higher material costs, according to data Tuesday from the National Association of Home Builders/Wells Fargo. The Builders’ Housing Market Index decreased to 64 (the estimate 67) from 66 in June (revised from 67). The measure of the six-month sales outlook dropped to a five-month low of 73 from 75.

The decline in builder sentiment follows a report earlier on Monday that showed a sharp slowdown in business at New York-area factories. The New York Fed’s Empire State manufacturing index tumbled in.

Confidence among U.S. homebuilders fell more than forecast in October to a four-month low as rising interest rates. Estimates in a Bloomberg survey of 48 economists for the homebuilder index ranged.

Social living AP Photo/Mike Groll Homebuilder sentiment declined to 55, more than expected, in February, according to the latest data from the National Association of Homebuilders. Expectations were for the reading to come in at 58, up slightly from last month’s 57 reading. January’s report was a slight retreat.

Home builder sentiment at eight-month low Homebuilder sentiment declines to an eight-month low Homebuilder Sentiment Remains Near Highest Level Since 1999. Confidence among U.S. homebuilders unexpectedly fell in March to an eight-month low as prospective buyers were in little rush to.

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Sentiment among American homebuilders deteriorated to an eight-month low in July on concerns about higher material costs, according to July 18 data from the National Association of Home Builders.

NAHB/Wells Fargo Housing Market Index (HMI) is based on a monthly survey of home builders. They are asked to. US Consumer Sentiment Revised Slightly Higher · US Personal. Greek jobless rate falls to Near 8-Year Low of 17.6%.

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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.

Home / Nation & World / Homebuilder confidence declines to four-month low A flag advertising a newly built home for sale flaps in the breeze Jan. 8 in Richmond, Virginia.

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