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May Uptick in Builder Confidence Proves Fleeting

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May Uptick in Builder Confidence Proves Fleeting The National Association of Home Builders’ (NAHB’s) measure of builder confidence broke out of its multi-month slump in May, rising 3 points. Much of that gain was reversed this month as the nahb/wells fargo housing market index (hmi) dropped by 2 points to 64, returning to the low- to-mid.

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Forward this article via email: Send a copy of this story to someone you know that may want to read it. Markets await Fed rate decision as expectation of a future cut grows. May Uptick in Builder Confidence Proves Fleeting After Fed meets,

“Two private OEMs we spoke with sounded decidedly positive as the marked uptick in inquiries they saw late last year appears to have continued,” Elkott says. “We also sensed that their confidence.

All this has pushed up consumer confidence. But the economic signs could prove fleeting, as they were in the early spring when economist also detected upticks in activity only to watch them tumble.

In Australia, for example, better news from China and the associated stabilization of key commodity prices- however modest and fleeting-appear to be supporting an increase in confidence among. Such.

May Uptick in Builder Confidence Proves Fleeting jun 17 2019, 10:20AM The National Association of Home Builders’ (NAHB’s) measure of builder confidence broke out of its multi-month slump in May.