Builder confidence dips slightly but remains solid in June: NAHB

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US homebuilders’ confidence in the housing market has edged higher, reflecting improved demand for new homes as the traditional spring home-selling season ramps up. But the outlook for sales of.

“Builders are optimistic about future demand for housing and are ramping up production to meet this demand,” said NAHB Chairman Randy Noel, a custom home builder from LaPlace, La. “Single-family.

Homebuilders dipped more than 4% after weak new and existing home sales data and poor results from builders. expectations in June, spurring concern that US housing markets may be slowing after more.

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Builder Confidence Remains Solid in June June 15, 2017. Builder confidence in the market for newly-built single-family homes weakened slightly in June, down two points to a level of 67 from a downwardly revised May reading of 69 on the National Association of Home Builders/Wells Fargo Housing.

The increases in construction activity mirror solid levels for the NAHB/Wells Fargo Housing Market. Housing demand remains positive, but supply-side hurdles persist.. Modest gains followed a slight dip the previous month.. The Consumer Confidence Index was up slightly in June, with one submeasure increasing to.

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Home > News and Publications > Builder Confidence Solid in June Amidst. ” While demand for single-family homes remains sound, builders.

At that time, the 6 month annualised pace of core inflation registered 1.4% through the March quarter and 1.2% through the June quarter. It is entirely reasonable that builders in the process of.

According to the National Association of Realtors® (NAR), lower sales of existing homes in June were not the result of lagging. related to obtaining mortgages, buyer interest remains solid. But.

builder confidence, continuing labour market strength and historically low mortgage rates, the US housing market remains on a solid footing. This sentiment was further supported by March’s existing home sales coming in better than expected at 4.4% mom, following a 3.9% contraction previously.

 · Housing Starts Rise Slightly. Last Updated Aug 17, 2010 10:24 AM EDT. The Commerce department announced tuesday that housing starts rose 1.7 percent to a 546,000 unit pace in July after being revised down for the previous month.

Mortgage rates held almost perfectly steady today. following the historic selling in June. Today the market has consolidated, and is awaiting Ben Bernanke’s comments tomorrow to determine direction.