Economic Buzz: US Homebuilder Confidence Declines Further In November

17 Nov 2022 , 09:17 AM

A report released by the National Association of Home Builders on Wednesday showed a continued decrease in U.S. homebuilder confidence in the month of November. The report showed the NAHB/Wells Fargo Housing Market Index declined for the 11th consecutive month, slumping to 33 in November after tumbling to 38 in October. The extended slump by the housing market index reflected notable decreases by all three of the component indices. The current sales conditions index slid six points to 39, the traffic of prospective buyers index fell five points to 20 and the sales expectations in the next six months index dropped four points to 31. Powered by Commodity Insights