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Builder confidence dips slightly but remains solid in June: NAHB

builder confidence up in may, boosted by strong sales The economy is in great shape right now, and it’s evident from even a cursory glance at the consumer confidence numbers. The University of Michigan’s consumer sentiment index for May shows a reading of 102.4, a 15-year high, and up 5.2 points over April’s reading.

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According to the National Association of Home Builders (NAHB)’ Housing Market Index (HMI) report, builder confidence rose one point to 29 in the month of June, the highest level since May of.

The June National Association of Home Builders/Wells Fargo Housing Market Index came in at a very strong reading of 66. The index stood at 66 last year in June 2017. A reading above 50 is considered positive sentiment. All three the index’s components were very solid.

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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From the NAHB: Builder confidence in the market for newly built, single-family homes improved slightly in November, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released today. The HMI rose one notch to 16 from a downwardly revised level of 15 in the previous month.

Builder confidence rises in July Builder confidence for newly built single-family homes rose to 65 points in July, according to data released Tuesday by the National Association of Home Builders (NAHB) and Wells Fargo. The Housing Market Index (HMI) is a weighted average of separate indices for three single-family data points.

This will slow further next year to an estimated 1.6 percent due to waning fiscal stimulus, continued uncertainty weighing on consumer and business confidence. June after a weak May report, and.

According to the National Association of Home Builders, confidence in the U.S. multifamily housing market remained positive in the first quarter of 2018. The MPI remained unchanged from last quarter, coming in at a reading of 53, while the MVI remained essentially unchanged at 42.

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