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The National Association of Home Builders/Wells Fargo builder sentiment index released Wednesday slipped this month to 72. That’s down two points from December’s reading, which marked an 18-year high.
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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.
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The National Association of Home Builders/Wells Fargo builder sentiment index released Wednesday slipped this month to 72. That’s down two points from December’s reading, which marked an 18-year.
US homebuilder sentiment slips; outlook remains positive. Read more about this article at STL.NEWS.. which marked an 18-year high for optimism among the nation’s builders.. sentiment slips, US homebuilder., Austrian chancellors stress need to secure EU border. The Latest: Ryan pressures Dems on spending bill.
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.
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.
· Homebuilder Confidence Remains Strong Into 2018 (XHB). after reaching an 18-year high in December 2017.. Here is a pair of overlays with the michigan consumer sentiment.