Oct
18
Confidence Among Homebuilders in U.S. Falls From 11-Month High
ByConfidence among U.S. homebuilders cooled in October from an 11-month high, reflecting a pause in the market for single-family houses, according to data from the National Association of Home Builders/Wells Fargo.
Key Points
- Builder sentiment gauge dropped to 63 (matching forecast) from the prior month’s 65 that was the highest since October 2015; readings greater than 50 mean more respondents reported good market conditions
- Index of prospective buyer traffic fell to 46 from 47
- Measure of six-month sales outlook rose to 72, the highest in a year, from 71
- Gauge of current sales decreased to 69 from an almost 11-year high of 71…
Confidence Among Homebuilders in U.S. Falls From 11-Month High
