Homebuilding Confidence Slips this Month

The National Association of Home Builders/Wells Fargo Housing Market Index inched down one point from a June score of 60 to a July reading of 59, the NAHB reported Monday. All three elements.

U.S. consumer confidence fell in September and home sales dropped to an eight-month low in August due to the impact of Hurricanes Harvey and Irma, supporting the view that the storms would hurt.

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Concerns over the economy were also underscored by other data on Tuesday showing consumer confidence ebbing in March. and bad weather could have contributed to the sharp drop in homebuilding last.

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.

Homebuilding Confidence Slips this Month. Homebuilding Confidence Slips this Month. June 18, 2019. Survey measures first drop of 2019. 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.

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The confidence level among the nation’s homebuilders slipped in June to the lowest level this year and below its six-month average of 70 as tariffs on lumber and other imported materials are.

The confidence level among the nation’s homebuilders slipped slightly in the first month of 2018 after reaching an 18-year high in December 2017, according to the National Association of Home.

Americans in 2017 were more confident in the U.S. economy in 17 years. The numbers: Consumer confidence fell in December, a month after hitting a 17-year high, but the level of optimism among.

Builder confidence in the market for newly-built single-family homes. and the index gauging buyer traffic fell three points to 51. Among the three-month moving averages for regional HMI scores, the.

Plans to buy big-ticket items like automobiles fell this month. “Those storm clouds on the horizon from the trade wars may be starting to affect consumer confidence negatively and that bodes poorly.

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