Builder confidence in the market for new single-family homes in June declined two points to 67 compared to May but was up five points compared to the same period a year ago, according to the Housing Market Index (HMI) released this week by the National Association of Home Builders (NAHB). Homebuilders are asked to rate current sales of single-family homes as "good," "fair," or "poor," where any number over 50 indicates that more builders view sales conditions as good than poor.
The HMI component index gauging current sales of new single-family homes declined one point in June to 73 compared to the previous month, the index gauging sales expectations in the next six months fell two points to 73, and the index gauging traffic of prospective buyers fell three points in June compared to May.
Posted by gandlwoods at June 23, 2004 08:10 AM