From Seekingalpha · Bespoke Investment Group · · 30s
Homebuilder Sentiment Plummets
Homebuilder sentiment drops to 29 in October, lowest since 2012.
In brief
Homebuilder sentiment drops to 29 in October, lowest since 2012. Homebuilder sentiment fell to 29 in October, the lowest reading since June 2012, as mortgage rates near 7% and the S&P 1500 homebuilding sector hits 52-week lows. Originally reported by Seekingalpha.
Homebuilder Sentiment
Homebuilder sentiment fell to 29 in October, the lowest reading since June 2012.
Present Sales
Present sales fell to 33, the weakest print since June 2012.
Future Sales
Future sales index at 32, lowest in four years, shows weak outlook.
What matters most
Homebuilder sentiment fell to 29 in October, the lowest reading since June 2012, as mortgage rates near 7% and the S&P 1500 homebuilding sector hits 52-week lows.
