Homebuilder Confidence Misses Expectations Falls To 42

homebuilder San Marcos, California

The NAHB housing market index for April is out at 10 a.m. ET.

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Economists polled by Bloomberg are looking for homebuilder confidence to rise to 45, from 44 the previous month.

The National Association of Home Builders’ housing market index is a sentiment index in which respondents rate not just the housing market but also the economy in general.

The index draws on builder perceptions of current single-family home sales and sales expectations for the next six months. It also includes builders’ expectations of traffic of prospective buyers. A reading of 50 shows that an equal number of builders view the market as good or bad.

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