The latest National Association of Home Builders survey was just released. The data for April showed …
* The overall index held steady at 20, the same as in March and February
* The sub-index measuring current home sales dropped 2 points to 18, the lowest since November. However, the sub-index
measuring expectations about future sales rose 4 points to 30, the highest since August. The sub-index measuring
prospective buyer traffic was unchanged at 19.
* Regionally, the index ticked up to 22 from 21 in the Northeast and to 17 from 15 in the West. It declined to 15 from
16 in the Midwest and to 24 from 26 in the South.
The latest figures from the NAHB show a housing market
that’s still groping for a bottom. Builders are more optimistic about the future than they’ve been recently. But
readings on buyer traffic and current sales remain weak. In other words, while hope springs eternal, there is little
concrete evidence of a rebound in activity. Tighter lending standards, a slumping economy, and worries over future
price declines remain very real obstacles.
Related posts:
- NAHB figures show housing improvement The National Association of Home Builders released its latest batch of data on housing market conditions this afternoon … *...
- NAHB figures show the housing market continue… We just got a look at the latest National Association of Home Builders survey. Here’s what the May numbers looked...
- NAHB Index stagnates in March The latest National Association of Home Builders index was just released. Here’s the skinny on the numbers: * The overall...
{ 0 comments… add one now }