Homebuilder sentiment declines to an eight-month low

Sentiment among American homebuilders deteriorated to an eight-month low in July on concerns about higher material costs, according to data Tuesday from the National Association of Home Builders/Wells Fargo.

Home-builder confidence climbs to 8-month high in November. Economists surveyed by Econoday had forecast a one-point decline, to 67. Any reading over 50 signals expansion.. The home-builder.

Homebuilders Under Pressure After housing market index hits 8-Month Low. released its monthly report on homebuilder sentiment, which showed that confidence among builders plummeted to a eight.

The National Association of Home Builders/Wells Fargo builder sentiment index released Monday slipped to 64 this month. That’s down three points from a downwardly revised reading of 67 in August. Readings above 50 indicate more builders view sales conditions as good rather than poor.

Sentiment among homebuilders deteriorated to an eight-month low in July on concerns about higher material costs, according to data Tuesday from the National Association of Home Builders/Wells Fargo. The Builders’ Housing Market Index decreased to 64 (the estimate 67) from 66 in June (revised from 67). The measure of the six-month sales outlook dropped to a five-month low of 73 from 75.

December's reading is the lowest HMI score since May 2015, marking a three- year low. Despite this, NAHB claims builder sentiment remains in.

The National Association of Home Builders/Wells Fargo builder sentiment index released this past week declined. sliding to a seasonally adjusted annual rate of 569,000. The April decline followed a.

 · Homebuilder sentiment dropped in December to its lowest point in more than three years while potential buyers hesitate to purchase new homes even as mortgage rates have pulled back in the past month. According to the National Association of Home Builders/Wells Fargo Housing Market Index, homebuilder sentiment declined four points in December to 56.

The NAHB/Wells Fargo Housing Market fell to its lowest level in over a year, and it was the second consecutive declining month for the index of homebuilder sentiment. Homebuilder stocks were.

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Homebuilder sentiment fell to an eight-month low in June as a perfect storm of weak existing-home prices, rising material costs, distressed property sales and sluggish consumer confidence brewed.

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Homebuilder Sentiment in U.S. Declines to an Eight-Month Low Bloomberg | July 18, 2017 | International Trade Statement by Canada’s Foreign Affairs.

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The decline in builder sentiment follows a report earlier on Monday that showed a sharp slowdown in business at New York-area factories. The New York Fed’s Empire State manufacturing index tumbled in.