US home-builder confidence slips in June

Builder confidence dipped in March, falling for the third consecutive month, however it is still at a high level historically, according to the latest Housing Market Index released by the National.

US home-builder confidence slips in June. FOX Business – Dow Jones Newswires. U.S. home-builder confidence slipped in June, a sign of weakening sentiment in a key sector of the economy. The National Association of Home Builders housing market index fell to 64 this month from an unrevised level of 66 in May, the trade group said Monday.

Despite rising new home sales and an increase in building permits nationwide, home builder confidence slipped to a 9-month low in June. The monthly Housing Market Index from the National Association of Homebuilders registered 13 this month – three ticks lower than last month, and its lowest level since September 2010.

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On the data front, Reuters reported U.S. consumer spending and prices rose moderately in June, pointing to slower economic growth. rebounding to 108.69 in New York on upbeat U.S. consumer.

Mamta Badkar in New York – Financial Times US homebuilder confidence unexpectedly fell for the first time this year in June due to concerns over trade and rising construction costs. The National Association of Home Builders on Monday said its housing market index fell to 64 in June from 66 the previous month.

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NAHB component readings also dropped in June with builder confidence in current home sales one point lower at an index reading of 71. Home builder confidence in home sales conditions over the next six months dropped two points to 70 and builder confidence in buyer traffic was one point lower at 48.

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U.S. home-builder confidence slipped in June, a sign of weakening sentiment in a key sector of the economy. The National Association of Home Builders housing market index fell to 64 this month from an unrevised level of 66 in May, the trade group said Monday.