Markets

HOMEBUILDER CONFIDENCE DIVES

The NAHB housing market, a gauge of homebuilder confidence, tumbled to 46 in February. This was the biggest fall on record and the lowest reading since May 2013. Economists polled by Bloomberg were looking for homebuilder confidence to hold steady at 56. A reading over 50 shows that more builders […]
HOMEBUILDER CONFIDENCE DIVES
Markets

Homebuilder Confidence Falls

Homebuilder confidence fell to 56 in January, missing expectations for the reading to stay unchanged at 58. December’s reading was revised down to 57, from 58. A reading over 50 shows that more builders think sales conditions are good rather than poor. “Following an unexpected jump last month, builder confidence […]
Homebuilder Confidence Falls
Markets

CHART OF THE DAY: Homebuilder Sentiment Is Decoupling From Reality

The NAHB’s measure of homebuilder confidence was unchanged at 58 in September , the highest level since November 2005. Homebuilder confidence used to be considered a good leading indicator for housing starts. But in recent months confidence has gained momentum while housing starts have failed to keep up. Paul Diggle […]
CHART OF THE DAY: Homebuilder Sentiment Is Decoupling From Reality