Builder Confidence Strong Despite June Letdown

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Despite growing economic uncertainty, builder confidence remained solid in June, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Confidence for newly-built single-family homes fell two points to 64, but sentiment levels have held at a steady range in the low- to mid-60s for the past five months.

Builder Confidence Strong Despite June Letdown latest blog entries jun 17, 2019 | 11:00 am. Builder confidence for newly built single-family homes is on the decline, yet overall confidence is still very high. The National Association of Home Builders/Wells Fargo Housing Market Index (HMI) slipped two points in June to a reading of 64, the[.]

"All three components of the index fell 1 point in June, with buyer traffic and future sales expectations reaching their lowest levels since November." "Despite June’s overall drop, builder confidence is still trending higher and improved in the Northeast and West, rising to 61 and 76, respectively.

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Builder Confidence Strong Despite June Letdown Latest blog entries jun 17, 2019 | 11:00 am. Builder confidence for newly built single-family homes is on the decline, yet overall confidence is still very high.

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A monthly survey of builder sentiment fell two points in June to 67, and May’s reading was revised down a point. June homebuilder confidence slips despite strong demand for new homes CNBC Business.

The NAHB Housing Market Index (HMI) remained solid at 64 in June, and builder confidence has held in the low-to mid-60s for the fifth straight month.

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