Builder Confidence Declined in June but Remained Positive

 · West: April’s reading declined by three points to 55, but remains in positive territory. regional readings reflect conditions impacting only a specific area of the U.S. Recent examples include the impact of Hurricane Sandy in the Northeast, and an ongoing lack of land available for home construction in the West.

The U.S. remains resilient. The 0.4% decline (with 99% of firms having reported) was actually better than FactSet’s.

Consumers’ confidence in the labor market was also more favorable than it was in June. The share of consumers who found that jobs were plentiful rose to 34.1% from 32.0% in June.

"For the past six months, builder confidence has remained in a relatively narrow positive range that is consistent with the ongoing gradual housing recovery that is underway," said NAHB.

‘For the past six months, builder confidence has remained in a relatively narrow positive range that is consistent with the ongoing gradual housing recovery that is underway’ July 19, 2016.

Builder confidence in the single-family home market rose six points to 35 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index for July. The six points are the biggest one-month gain recorded by the index in almost a decade, and 35 is the highest point reached on the index since March 2007.

 · Here’s a quick global tour highlighting trends in U.S. favorability and confidence in the U.S. president: 1 Mexico and Canada have lost confidence in the U.S. president. In the United States’ southern and northern neighbors, confidence has fluctuated over the past three presidencies but declined most sharply this year.

Builder confidence in the market for newly built, single-family homes in July fell one point to 59 from a June reading of 60 on the National Association of Home Builders (NAHB)/Wells Fargo Housing.

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November’s decline in builder confidence was greater than the largest month-to-month decline during the housing crisis. housing market Index readings over 50 are considered positive, but analysts said that long-standing headwinds caught up with home builders’ outlook on housing market conditions and sub-categories used to comprise the overall Housing Market Index reading.

Architecture firm billings slowed in June but remained positive for the ninth consecutive month, according to a new report today from The American Institute of Architects (AIA). AIA’s Architecture Billings Index (ABI) score for June was 51.3 compared to 52.8 in May; it remains positive since any score over 50 represents billings growth.