Published: 2024-04-15T14:11:34.000Z
U.S. April NAHB Homebuilders Index - Upturn losing momentum
Senior Economist , North America
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April’s NAHB homebuilders’ index is unchanged at 51, the stalling following four straight gains suggesting that recent gains in UST yields are having some impact via mortgage rates.
Detail shows gains in current sales and buyer traffic offset by a dip in six month expectations.
New home sales data showed little change in February and this data suggest that will persist into April. Existing home sales saw strong rise in February but that looks unlikely to be extended,\.
