Homebuilder sentiment cools in January from 18-year high

The Fed had said in late January that unemployment would likely be 8.2 percent to 8.5 percent by year’s end, a forecast that already looks too high. An index of homebuilder sentiment rose for the.

Homebuilder sentiment hits 18-year high, beating forecasts. a homebuilder and developer from Kerrville, Texas, said in a statement. "With low unemployment rates, favorable demographics and a tight supply of existing home inventory, we can expect continued upward movement of the single-family.

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The first builder-sentiment reading for 2018, albeit a decline from a 18-year high, is consistent with other reports that indicate residential construction will build on recent growth, as a solid job market, relatively low mortgage costs and rising confidence help propel housing demand.

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Builder sentiment fell 2 points to 72 in January, according to a monthly survey from the National Association of home builders called the housing market index. The downward move comes after the measurement hit an 18-year high in December, following the passage of the Republican tax cut plan.

U.S. homebuilder sentiment surges to 12-year high in March Real estate signs mark the lots near one of the new homes for sale in a development for new homes in Cranberry Township, Pa. Keith.

The Housing Market Index (HMI) is based on a monthly survey of NAHB members designed to take the pulse of the single-family housing market. The survey asks respondents to rate market conditions for the sale of new homes at the present time and in the next six months as well as the traffic of prospective buyers of new homes.

America’s homebuilders haven’t felt this good since 1999. On Monday, the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) – more commonly known as homebuilder sentiment – hit an 18-year high of 74, topping expectations for a reading of 70 and well above last month’s reading of 69. This index is calculated on a scale of 1-100.

Homebuilder confidence falls from 18-year high, but it’s still strong. the year on a slightly less sanguine note.Builder sentiment fell 2 points to 72 in January, according to a monthly survey.

Existing-home prices rose 0.8% in January, according to the S&P/Case-Shiller’s 20-city. "There’s a lot of upside for new construction," he said. Homebuilder stocks, hard hit in recent weeks, mostly.

Homebuilder Sentiment Remains Near Highest Level Since 1999.. Homebuilder Sentiment Hits 18-Year High, Beating Forecasts. Confidence Among Homebuilders Unchanged in January.