Homebuilder sentiment declines to an eight-month low

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NEW YORK Homebuilder sentiment perked up in October to its highest level in a year and a half, though ongoing challenges still kept confidence historically low, the National Association of Home Builders said on Tuesday. The nahb/wells fargo housing market index rose to 18 from 14 the month before, the group said in a statement.

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Builder Confidence Hits Eight-Month Low in March. by Peter Thomas Ricci March 18, 2015. Homebuilders are feeling a little less confident this month. A key measure of builder confidence declined this month, with the Housing Market Index (HMI) dropping two points to a level of 53.

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Homebuilder confidence declines to nine-month low. The National Association of Home Builders/Wells Fargo builder sentiment index decreased to 58 in February from a revised reading of 61 the.

CNBC’s Diana Olick reports the latest read on the home builder sentiment index.. Home builder sentiment at eight-month low

Sentiment. cuts. “Low unemployment, solid job growth and favorable demographics should support housing demand in the coming months,” NAHB Chairman Randy Noel, a custom-home builder from Louisiana,

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Sentiment among American homebuilders deteriorated to an eight-month low in July on concerns about higher material costs, according to data Tuesday from the National Association of Home Builders/Wells Fargo.

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 · That was not necessarily because builders were lowering prices, but because a larger share of entry-level homes sold that month. Sales in January fell to a three-month low.

8 19 m  · The National Association of Home Builders’ (NAHB) index on homebuilder sentiment missed its projected mark by three points in June. The index measures builders’ confidence in single-family home construction and sales, and tracks current sales conditions, expectations and the number of prospective buyers.

Sentiment among American homebuilders deteriorated to an eight-month low in July on concerns about higher material costs, according to.

The strengthening homebuilder sector exchange traded funds could hit a snag as slowing home sales and a tight labor market weigh on the industry in the second half of the year. Year-to-date, the SPDR S&P Homebuilders ETF (NYSEArca: XHB) increased 29.5%, iShares U.S. Home Construction ETF (NYSEArca: ITB) advanced 28.9% and Invesco Dynamic Building & Construction ETF (NYSEArca: PKB) jumped 31.4%.

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