Emanuel Stewart - Reliant Home Lending

  • Home
  • About
  • Blog
  • Mortgage Info
    • FAQ
    • First Time Home Buyer Tips
    • First Time Home Seller Tips
    • Closing Costs
    • Home Appraisal
    • Home Inspection
    • Loan Checklist
    • Loan Process
    • Loan Programs
    • Mortgage FAQ
    • Mortgage Glossary
  • Resources
    • Links
    • Forms
  • Apply
    • Credit Application
    • Long Loan Application
  • Contact

NAHB: Builder Sentiment Dips in April

April 19, 2017 by Emanuel Stewart

According to the National Association of Home Builders Housing Market Index for April, Builder Confidence dropped three points to an index reading of 68 in April. While any reading over 50 indicates positive builder confidence, home builders said that they continue to face obstacles including higher costs for materials and elevated costs associated with regulatory issues. Builders have repeatedly cited concerns including a lack of buildable lots and labor shortages in past months.

Home Builder Component Readings Fall But Remain in Positive Territory

Component readings of the Housing Market Index include builder confidence in current market conditions for newly built homes, which dropped three points to 73. Builder confidence in market conditions over the next six months fell three points to 75. Home builder confidence in buyer traffic volume for new housing developments dropped one point to an April reading of 52.

Regional Readings for Builder Sentiment Vary

Regional readings for April were included in the three-month rolling average in four U.S. regions. Builder confidence in the Northeastern region fell by two points to 46; The Midwestern region added one point for a builder confidence reading of 68, while the Southern region’s reading was unchanged at 68. The Western region added one point for a three-month reading of 77.

Housing industry groups and analysts watch the NAHB Housing Market Index for indications of future volume in housing starts, but builder confidence and housing starts are not always closely connected. The Commerce Department will release readings for March housing starts and building permits issued on Tuesday.

Mortgage Rates Tagged: Housing Market

Emanuel Stewart Profile Photo

Contact Emanuel


Mortgage Broker

Call (225) 313-6189

NMLS ID 107678
Reliant Lending
  LOAN APPLICATION
  CREDIT APPLICATION
  FREE RATE QUOTE

Connect with Me

Let’s Keep In Touch!

  • This field is for validation purposes and should be left unchanged.

Logos BBB
Equal Housing Lender
NMLS Consumer Access

Quick Links

  • About Us
  • Accessibility Statement
  • Blog
  • Contact

Previous Posts

Categories

Looking For Something?

Reliant Home Lending
8550 United Plaza Boulevard Suite 702
Baton Rouge, LA 70809

Copyright © 2023 Emanuel Stewart – Reliant Home Lending  ·  All rights reserved   ·   Log In