Builder News

Builder Confidence Declined in June but Remained Positive

‘For the past six months, builder confidence has remained in a relatively narrow positive range that is consistent with the ongoing gradual housing recovery that is underway’ July 19, 2016.

The component gauging current sales conditions fell five points to 17, while the component gauging sales expectations for the next six months declined four points to 23 (from a one-point downward revised index level of 27 in May) and the component gauging traffic of prospective buyers fell two points to 14.

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Builder confidence rose 1 point to 63 in April. It hit a 2018 high of 70 in May. Sentiment has remained in the low 60s for the past three months. Anything above 50 is considered positive. Current.

Builder confidence for newly built single-family homes is on the decline, yet overall confidence is still very high. The National Association of Home builders/wells fargo housing market index (hmi) slipped two points in June to a reading of 64, the first month-to-month drop since December.

The National Association of home builders (nahb)/wells fargo housing Market Index (HMI) remained solid at 64 in June. Builder confidence in the market for newly-built single-family has held in the.

"This is another indicator that ongoing builder supply-side concerns are making it more difficult to build homes at affordable price points. We expect single-family housing starts to remain flat through 2019." Regionally, combined single-family and multifamily starts in May rose 11.2% in the South.

Nonetheless, builder confidence remains positive, increasing one point in July to a level of 65. The NAHB/Wells Fargo Housing Market Index has been in the low- to mid-60s for six months. This month’s uptick was matched by a 3.5% gain for single-family starts in June, rising to an annual rate of 847,000.

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The market expects Luxfer (LXFR) to deliver a year-over-year decline in earnings on lower revenues when i t report s results.

Despite the weak month, the fourth quarter was the strongest in seven years, and the overall trend remains positive. Also on Wednesday, the National Association of Home Builders survey of home builder confidence dropped slightly, as expected. It went from 74 in November, which was close to a 19-year high, to a still very strong 72, as demand.