Builder confidence dips slightly but remains solid in June: NAHB

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U.S. employers added 164,000 jobs in July, right in line with Wall Streets expectations – a fairly unnoteworthy number, but evidence that the record-long economic expansion is continuing to chug along at a healthy pace. The unemployment rate remained steady at 3.7 percent, near a 50-year-low, while the labor force participation rate was also little unchanged at 63 percent.

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 · The NAHB/Wells Fargo housing market index for August held at a seasonally adjusted reading of 16, matching July’s reading. Economists surveyed by.

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The National Association of home builders’ (nahb. for updated amenities maintain the remodeling industry on solid footing,” said nahb chief economist robert Dietz. “This quarter’s dip may be.

Builder Confidence: Still Solid Filed in Economics , Home Building by NAHB Now on June 15, 2017 0 Comments Builder confidence in the market for newly built single-family homes weakened slightly in June, down two points to 67 from a downwardly revised May reading of 69 on the NAHB/Wells Fargo Housing Market Index (HMI).

Donald Trump’s plan for additional China tariffs is expected to wreak new waves of disruption across global markets this week, pressuring oil particularly even as Iranian tensions continue to offer crude bulls some support. Gold, the safe-haven in times of economic and political trouble, should continue benefiting from the broad trade and markets distress over China-although the dollar’s.

The June National Association of Home Builders/Wells Fargo Housing Market Index came in at a very strong reading of 66. The index stood at 66 last year in June 2017. A reading above 50 is considered positive sentiment. All three the index’s components were very solid.

Builder confidence in newly built single-family homes dropped one point in February, virtually leveling out after solid gains the past year, the National Association of Home Builders/Wells Fargo Housing Market Index shows. Still, the index remains near its highest level since May of 2006.

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Builders’ Confidence, Economic Growth Raise Hopes for Housing More Although the home sales data is not impressive so far this year, the larger picture is indeed a big success.