Homebuilder sentiment declines to an eight-month low

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Homebuilder sentiment declines to an eight-month low (Bloomberg) – Sentiment among American homebuilders deteriorated to an eight-month low in July on concerns about higher. particularly lumber," NAHB Chairman Granger MacDonald, a home builder and.

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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.

Homebuilders are increasingly upbeat after a weak year for the sector. The sentiment gauge fell to a three-year low in December but has moved steadily higher since then, amid a decline in mortgage rates. At the same time, other recent data have suggested the housing market is yet to fully stabilize.

Confidence among U.S. homebuilders unexpectedly fell in March to an eight-month low as prospective buyers were in little rush to shop for properties ahead of

Homebuilder sentiment hit a three-month high this month, as builders remain buoyed by low-mortgage rates and a strengthening job market. According to the National Association of Home Builders.

Homebuilder sentiment rises to seven-month high in May. The sentiment gauge fell to a three-year low in December but has moved steadily higher since then, amid a decline in mortgage rates. At the same time, other recent data have suggested the housing market is yet to fully stabilize..

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 ).

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Persistent affordability concerns contributed to homebuilder confidence retreating four. marking a three-year low. Despite this, NAHB claims builder sentiment remains in positive territory. “We are.

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