Memphis Daily News Chandler Reports Nashville Ledger
» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X
Skip Navigation LinksHome > Article
VOL. 40 | NO. 46 | Friday, November 11, 2016

US homebuilder confidence holds steady in November

ALEX VEIGA, AP Business Writer

Print | Front Page | Email this story

U.S. homebuilders' confidence held steady this month, though their expectations for sales into next year dimmed slightly.

The National Association of Home Builders/Wells Fargo builder sentiment index released Wednesday was unchanged at 63. That's two points below September's reading, which was the highest in nearly a year.

Readings above 50 indicate more builders view sales conditions as good rather than poor. The index has been above 60 the past three months after hovering in the high 50s much of this year.

Builders' view of current sales held steady from last month, while a gauge of traffic by prospective buyers edged higher. But their outlook for sales over the next six months declined slightly.

Even so, builders remain optimistic overall about new home sales, which are running ahead of 2015 levels.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email  
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0