Published: 2024-07-16T14:08:04.000Z
U.S. July NAHB Homebuilders Index - Dip may not extend much further
Senior Economist , North America
1
July’s NAHB homebuilders’ index at 42 from 43 has shown a third straight decline but after a sharp dip in May the subsequent ones have been modest.
The declines are likely to stabilize once the Fed starts to ease and we are still some way above the low of 34 seen in November 2023.
Details shows modest dips in current sales and buyers’ traffic, but a modest rise in the forward-looking 6-montn expectations.
