From TokenPost · · 40s
U.S. Homebuilder Confidence Drops to 29
U.S. homebuilder confidence hits lowest level since 2012 as sales conditions weaken.
In brief
U.S. homebuilder confidence hits lowest level since 2012 as sales conditions weaken. U.S. homebuilder confidence fell to 29 in October, its lowest since June 2012, as builders reported declining sales conditions and buyer traffic. Originally reported by TokenPost.
Homebuilder Confidence
U.S. homebuilder confidence fell to 29 in October, its lowest reading since June 2012.
Market Index Drops
The NAHB/Wells Fargo Housing Market Index dropped three points from September's 32 to 29.
Sales Conditions Weaken
Current sales conditions fell two points to 33, while expectations and buyer traffic dropped five points each.
The one thing
U.S. homebuilder confidence fell to 29 in October, its lowest since June 2012, as builders reported declining sales conditions and buyer traffic.
