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Homebuilder sentiment cools in January from 18-year high

Largest Decline in Existing Home Sales in 3 Years Fueled By Shortage, Price Increases.. “There was a nice jump in new home construction in January and homebuilder confidence is high,” he.

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.

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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.

Homebuilder confidence experienced a backslide this month, but hopes for home sales later this year remained high. The National Association of Home Builders (NAHB)/Wells Fargo builder sentiment.

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Homebuilder Sentiment in U.S. Cools in January From 18-Year High. Homebuilder Sentiment in U.S. Cools in January From 18-Year High. Bloomberg the Company & Its Products The Quint. Bloomberg. Bloomberg | Quint is a multiplatform, Indian business and financial news company. We combine Bloomberg.

 · The National Association of Home Builders’ Housing Market Index, which gauges home builder sentiment about the market for single-family homes, fell in January, but remained near an 18-year high. The post New Home Building Dropped Sharply at End of 2017 appeared first on Real Estate News & Insights |® .

Construction authorizations for single-family homes continue falling Economists surprised as new-home sales fall to lowest level in nearly 50 years – Sales of newly built homes unexpectedly plummeted in January to their lowest level in nearly five decades, providing more evidence of the housing market’s fragility. Purchases of new single-family..

U.S. homebuilder sentiment slips; outlook remains positive. – 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.