US homebuilders’ sentiment unexpectedly posted the 1st decliner this year, suggesting lower mortgage rates are failing to give the housing market a sustained boost amid property prices that remain out of reach for many buyers. The National Association of Home Builders/Wells Fargo Housing Market Index fell 2 points below the consensus estimate at 66 to 64 in […]
US Homebuilders ‘Excited About Trump’s Pro-Business Political Climate’ The outlook from US builders is being buoyed by a very strong job market and the overall health of the economy. The National Association of Home Builders/Wells Fargo builder sentiment index released Thursday remained at 72 this month. That’s still just 2 points shy of December’s reading, which was […]
US Home Sales Up in May on Imporving Supply $DIA, $SPY, $QQQ, $VXX Economists say US homebuilders will need to ramp up construction of new homes to meet the pent-up demand. US home resales rose in May to a more than 9-year high as improving supply increased choices for buyers, suggesting the economy remains on […]