US home-builder confidence slips in June

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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.

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Home builder confidence dipped slightly in June though it still remains positive despite headwinds. 24/7 Wall St. – Insightful Analysis and Commentary for U.S. and Global Equity Investors Business

US home-builder confidence fell slightly in December, a sign that the increasingly tight labor market in construction is starting to weigh on builders. The National Association of Home Builders.

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.

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Home builder confidence dropped slightly for June, with a NAHB Market Index reading of 64, against a 66-reading last month, and a consensus expectation of 67. The Housing Market Index (HMI) is based on a survey of home-building members and is designed to get a read on the market for single-family housing.

Despite rising new home sales and an increase in building permits nationwide, home builder confidence slipped to a 9-month low in June. The monthly housing market index from the National Association of Homebuilders registered 13 this month – three ticks lower than last month, and its lowest level since September 2010.

US home-builder confidence slips in June. FOX Business – Dow Jones Newswires. 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.

Home Builder confidence remains elevated in October. 28 after holding it since the week of June 29. The 12x3x3 weekly slow stochastic reading is projected to slip to 12.99 this week, down from.