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<Econ> NAHB Survey: US Homebuilder Confidence Falls to Seven-Month Low in Apr
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According to a survey by the National Association of Home Builders (NAHB)/Wells Fargo, the Housing Market Index, which reflects US homebuilder confidence, fell 4 points to 34 this month, the lowest level since September last year, and has remained below the breakeven level of 50 for 24 consecutive months. Economists had forecast the index at 37. NAHB Chairman Bill Owens said that at the beginning of this year there had been hope for stronger momentum in the real estate sector, but risks stemming from the Iran war, energy costs, and weakening consumer confidence have slowed the market. The gauge of current sales conditions declined 4 points to 37, while the index measuring sales expectations fell 7 points to 42. The measure of prospective buyer traffic dropped 3 points to 22. (to/m) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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