Homebuilder sentiment cools in January from 18-year high

The National Association of Home Builders (nahb)/wells fargo builder sentiment index fell two points in the association’s February reading, coming in at 55 for the month, the group said Tuesday.

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The first builder-sentiment reading for 2018, albeit a decline from a 18-year high, is consistent with other reports that indicate residential construction will build on recent growth, as a solid job market, relatively low mortgage costs and rising confidence help propel housing demand.

The only economic data report of note out Monday was the June reading on homebuilder sentiment. its high – and while each of the major averages is still higher year-to-date, the Dow and the S&P 500.

"Builders are increasingly concerned that tariffs placed on Canadian lumber and other imported products are hurting housing affordability," association chairman Randy Noel, a custom-home builder from.

Homebuilder Sentiment Remains Near Highest Level Since 1999.. Homebuilder Sentiment Hits 18-Year High, Beating Forecasts. Confidence Among Homebuilders Unchanged in January.

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Homebuilder Sentiment in U.S. Cools in January From 18-Year High (Bloomberg.com) Source: Sputnik. Did Bitcoin Just Burst? How It Compares to History’s Big Bubbles (Bloomberg.com) Wall Street Has a $1.7 Billion Bet on the Rising Risk of Grid Attacks (Bloomberg.com)

Homebuilder Sentiment in U.S. Cools in January From 18-Year High. Bloomberg | Quint is a multiplatform, Indian business and financial news company.

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Homebuilder Sentiment in U.S. Cools in January From 18-Year High (Bloomberg.com) Source: Sputnik. Did Bitcoin Just Burst? How It Compares to History’s Big Bubbles (Bloomberg.com) Wall Street Has a $1.7 Billion Bet on the Rising Risk of Grid Attacks (Bloomberg.com)

Closing times match a low last seen pre-TRID The value of closing stock is credited to the Trading a/c. By the principle of credit in relation to nominal accounts (Credit all Incomes and Gains), we can assume the value to indicate a gain. Reducing the value of closing stock would therefore amount to reducing the credit made to the Trading a/c, which would be reducing the gain.

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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