August US Homebuilder Confidence
Tuesday, August 17, 2010
, Posted by Usman Ali Minhas at 3:29 AM
International Trading
The National Association of Home Builders/Wells Fargo housing market index unexpectedly declined to 13 in August from 14 in July, suggesting US homebuilder confidence fell for a third consecutive month to the lowest level since March 2009, according to an NAHB report. A reading below 50 means most respondents view conditions as poor. The measure of current single-family home sales slipped to 14 in August from 15 in the previous month. The gauge of buyer traffic was unchanged at 10. The measure of sales expectations for the next six months fell to 18, the lowest level since March 2009, from 21.
