US home-builder confidence slips in June

Mamta Badkar in New York – Financial Times US homebuilder confidence unexpectedly fell for the first time this year in June due to concerns over trade and rising construction costs. The National Association of Home Builders on Monday said its housing market index fell to 64 in June from 66 the previous month.

Builder confidence in the market for newly-built single-family homes slipped two points in July to a level of 64 from a downwardly revised june reading on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).

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A week ago, China let its currency slip to weaker than 7 to the dollar for the first time since 2008, which some saw as an.

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The quits rate is viewed by policymakers and economists as a measure of job market confidence. Layoffs edged up in April. “We think payroll growth will bounce back in June.”.

Germany’s economy shrank during the April-to-June period. office said. The US-China trade war and the UK’s departure from.

Builder Confidence Slips in June: Is Housing on Shaky Ground? June 19, 2018, so that we can continue to provide you with the first-rate market news and data you’ve come to expect from us..

PMI data signals the economy could slip into recession in third quarter. Sharp falls in both output and new orders. Business confidence lowest. A deepening US-China trade war and an escalation.

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NAHB component readings also dropped in June with builder confidence in current home sales one point lower at an index reading of 71. Home builder confidence in home sales conditions over the next six months dropped two points to 70 and builder confidence in buyer traffic was one point lower at 48.

Home builder confidence fell slightly in June to a reading of 59 according to the National Association of Home Builders Housing Market Index. Analysts had expected no change to June’s reading of 60. June components of the HMI were also lower. Builder confidence in current market conditions dropped by one point to 63; builder confidence.

U.S. home-builder confidence slipped in June, a sign of weakening sentiment in a key sector of the economy. The National Association of Home Builders housing market index fell to 64 this month from an unrevised level of 66 in May, the trade group said Monday. Economists surveyed by The Wall Street Journal expected a reading of 67 in June.