US June NAHB housing market index 64 vs 67 expected
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US macroeconomic data: The Empire Fed Manufacturing Index (June) dropped to a nearly 3-year low at -8.6. The NAHB Housing Market Index (June) dropped to 64, below 67 expected The pound was the.
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The metric, which makes up most of the housing market, declined to 820,000 units. that better times are coming for the sector. In June, the NAHB home builder confidence index declined by 2 points.
The composite housing market index from the National Association of Home Builders-Wells Fargo rose to 66 during May, the highest level since October. Despite the improvement, the index remained below the expansion high of 74 reached in December of 2017. A reading of 64 was expected in the Informa Global Markets Survey.
The National Association of Home Builders (NAHB) produces the Housing Market Index (HMI) every month to gauge builder sentiment regarding the dem and side of the single-family housing market in the US. Over the past few years, the HMI has been used increasingly by Wall Street firms, the Federal Reserve and other government officials, and various economic analysts, as well as by the news media.
The numbers: U.S. home builder confidence fell two points to 64 in June. historically looked to NAHB’s index for clues on the future pace of home construction. But that relationship has broken down.
survey of its builder members that is used to generate the NAHB/Wells Fargo Housing Market Index (HMI). The main section of the HMI survey asks builders to rate market conditions for the sale of new homes at the present time and expected over the next 6 months, as well as the traffic of prospective buyers. The results are combined
The National Association of Home Builders (NAHB) housing market index showed homebuilder sentiment in July ticked higher to 65 from June’s unrevised 64 level, where it was expected to remain, with a level of 50 separating good and poor conditions. This was the sixth-straight month the index has been north of 60.