• NAHB: Builder Confidence Decreases to 68 in June

    4 monthes ago - By Calculated Risk

    The National Association of Home Builders reported the housing market index was at 68 in June, down from 70 in May. Any number above 50 indicates that more builders view sales conditions as good than poor.
    From NAHB: Builder Confidence Slips Two Points as Lumber Prices Soar
    Builder confidence in the market for newly built single-family homes fell two points to 68 in June on the NAHB/Wells Fargo Housing Market Index. The decline was due in large part to sharply elevated lumber prices, although sentiment remains on solid footing.
    “Builders are optimistic about housing market conditions as...
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  • Builder optimism fades in June

    Builder optimism fades in June

    4 monthes ago - By Chron

    NEW YORK - U.S. homebuilders lowered their confidence for sales prospects as lumber prices rise amid the threat of potentially costly tariffs.
    The National Association of Home Builders/Wells Fargo builder sentiment index released Monday fell two points to 68 in June. That's down from a reading of 70 in May that snapped a four-month slide in builder confidence.
    Any reading above 50 indicates more builders see sales conditions as good rather than poor. The index has remained above 60 since September 2016.
    Builders' view of current sales conditions fell one point, to 75 this month. The...
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