Economic Buzz: US Homebuilder Confidence Declines In September

20 Sep 2022 , 09:15 AM

Homebuilder confidence in the U.S. declined for the ninth consecutive month in September, according to a report released by the National Association of Home Builders. The report showed the NAHB/Wells Fargo Housing Market Index slid to 46 in September from 49 in August. With the bigger than expected decrease, the housing market index dropped to its lowest level since hitting 45 in May 2014. The continued slump by the housing market index reflected decreases by all three of the indexs components. The current sales conditions index dropped fell to 54 in September from 57 in August, while the sales expectations in the next six months index and the traffic of prospective buyers index both edged down by one point to 46 and 31, respectively.Powered by Commodity Insights