Jan
18

U.S. Homebuilder Confidence Retreats From Highest in 11 Years

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Confidence among U.S. homebuilders retreated in January from an 11-year high, suggesting optimism has plateaued following Donald Trump’s election victory, a report from the National Association of Home Builders/Wells Fargo showed Wednesday.

Key Points

  • Builder sentiment gauge fell to 67 (forecast was 69) from a revised 69 in Dec.; readings below 50 indicate respondents report poor market conditions
  • Gauge of current sales dropped to 72 from 75
  • Index of prospective buyer traffic at 51 after 52
  • Measure of six-month sales outlook fell to 76 from 78…

U.S. Homebuilder Confidence Retreats From Highest in 11 Years

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