A measure of industry sentiment among home builders jumped more than expected, in a possible sign that they may increase their building activity to meet...
The numbers: The National Association of Home Builders’ monthly confidence index jumped three points to 66 in May, the trade group said Wednesday. That was the highest reading since October.Any reading over 50 signals improvement.
In May, the index sub-gauge that tracks current sales conditions jumped three points to 72, the component that measures expectations over the next six months ticked one point higher to 72, and the index of buyer traffic rose two points to 49.Big picture: Economists use the NAHB’s index as a gauge of likely home building industry activity. If builders are more confident in market conditions, they’re more likely to break ground on more houses, leading to more jobs and overall economic activity.
What they’re saying: “We would look and see that some of the demand that was displaced in the fall will probably elongate a selling season this year in the spring and into early summer as those buyers have returned and more continue to come into the market, seeing it’s still a great time to buy a home,” said Michael Murray, chief operating office of D.R. Horton, Inc. DHI, +0.25% , when the company reported quarterly earnings in late April.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Stronger home sales boost builder confidence in MayThe nation's homebuilders are reporting a rebound in sales, and that is making them more optimistic about the housing market.
Lire la suite »
Trump says China tariffs 'may or may not be removed' while trade talks continueThe statement came as high stakes U.S. trade talks with China ended early Friday afternoon with positive signs but still far from a deal.
Lire la suite »
7 smart ways you can use a home equity loan to build wealthSince home equity loans let you borrow against the equity in your home, you can qualify for a lower APR than you could with a different type of loan.
Lire la suite »
Young American held in China makes plea to come homeAn American woman who has been prevented from leaving China for almost a year made an emotional plea this week for her family to be able to return home
Lire la suite »
Priscilla Presley Lists Family Home in Brentwood for $3.65MPriscilla Presley lists family home in Brentwood for $3.65 million
Lire la suite »
The Future That Never Was: Angie's List Reimagines The Golden Age Of Futuristic Home DesignsAngie’s List took seven of the past’s most eccentric future-home ideas and brought them to life in a series of photorealistic renderings.
Lire la suite »
California could bring radical change to single-family-home neighborhoodsCalifornia housing legislation could end bans on fourplexes in neighborhoods now reserved for single-family homes. How might that change the state?
Lire la suite »