Here comes homebuilder sentiment …

housing construction californiaREUTERS/Mike Blake

The National Association of Homebuilders will release its monthly member survey at 10 a.m. ET.

Economists estimate that the Housing Market Index slipped by two points to 63, according to Bloomberg.

In September, the index matched the highest level in a decade. And so, a pullback this month would show that builders are still feeling quite confident in market conditions.

They’ve been positive on the housing market amid low mortgage rates and a steady jobs market. However, concerns about labor shortages, rising worker wages, and land availability remain.

More to come …

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Popular

To Top