US EditionUS Builder Confidence Hits Highest Level in 6 Months: National Association
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US Builder Confidence Hits Highest Level in 6 Months: National Association
U.S. builders are entering the fourth quarter on an optimistic note as mortgage rates decline. An Oct. 16 report from the National Association of Home Builders (NAHB), presenting data from the NAHB/Wells Fargo Housing Market Index (HMI), stated that builder confidence in the new single-family home market registered a 37 in October—up by 5 points from September and the highest reading since April. Future sales expectations jumped past the 50-poin…
NAHB: Builder expectations rise in October
Even as builders continue to grapple with market and macroeconomic uncertainty, sentiment levels posted a solid gain in October as future sales expectations surpassed the 50-point breakeven mark for the first time since last January. Builder confidence in the market for newly built single-family homes was 37 in October, up five points from September and the highest reading since April, according to the National Association of Home Builders (NAHB…
Amid market challenges, builder expectations rise in October
Builder confidence in the market for newly built single-family homes was 37 in October, up five points from September and the highest reading since April, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).
The confidence of U.S. housing builders reached its highest level in six months in October, with the hope that the reduction in mortgage rates will stimulate demand and help reduce the excess stock that has hindered the construction of new houses.The property market index of the National Association of Housing Builders/Wells Fargo increased five points to 37, the highest reading since April. However, it remained below the 50-point equilibrium po…
US homebuilder sentiment hits 6-month high; economy uncertainty clouds housing outlook
U.S. homebuilder sentiment jumped to a six-month high in October amid hopes that declining mortgage rates would stimulate demand for housing and help reduce an inventory overhang that has hampered new housing construction. The post US homebuilder sentiment hits 6-month high; economy uncertainty clouds housing outlook first appeared on The Journal Record.
Homebuilder Confidence Grows Despite Market Uncertainty
According to the National Association of Homebuilders (NAHB)/Wells Fargo Housing Market Index (HMI), which gauges builder perceptions of current and future single-family home sales, homebuilder sentiment levels increased in October, as future sales expectations surpassed the 50 point breakeven mark for the first time in almost 10 months. “The HMI gain in October is a… The post Homebuilder Confidence Grows Despite Market Uncertainty appeared fir…
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