Published: 2024-05-15T14:13:21.000Z
U.S. May NAHB Homebuilders Index - Signs of peaking
Senior Economist , North America
1
May’s NAHB homebuilders’ index at 45 from 51 has shown its first decline since November reached a low of 34, following an unchanged April.
April’s breakdown showed slippage in future expectations but current sales continuing to rise. May’s breakdown showed all three components (buyer traffic too) falling.
This suggests a recent rising trend in new home sales is likely to be close to a peak.
