Published: 2024-08-15T14:10:33.000Z
U.S. August NAHB Homebuilders Index - Still falling but 6-month expectations rise
Senior Economist , North America
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Despite easing mortgage rates, August’s NAHB homebuilders’ index at 39 from 41 shown a fourth straight decline, reaching its lowest level since December 2023.
Detail show continued slippage in current sales and buyer traffic, both also at their lowest levels since December 2023.
However 6-month expectations have shown a second straight marginal rise, as hopes growth for easing from the Fed later in the year.
