Published: 2024-09-17T14:09:39.000Z
U.S. September NAHB Homebuilders Index - Off the low, led by 6-month expectations
Senior Economist , North America
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September’s rise in the NAHB homebuilders’ index to 41 from 39 is the first increase in the index since March reached 51 and suggests expectations for Fed easing are starting to have an impact.
Despite the monthly gain, a sharp spike in July new home sales still looks unlikely to be sustained.
September’s NAHB detail shows the largest rise in 6-month expectations, to 53 from 49, though buyer traffic did rise to 27 from 25 and current sales edged up to 45 from 44.
