Homebuilder sentiment declines to an eight-month low

Source: Bloomberg by Bloomberg News 10:00 AM EDT March 16, 2015 (Bloomberg) — Confidence among U.S. homebuilders unexpectedly fell in March to an eight-month low as prospective buyers were in little rush to shop for properties ahead of the busier spring selling season.

Sentiment among U.S. homebuilders rose for the first time in three months amid a decline in borrowing costs. Housing Market Index increased to 58 in January from a three-year low of 56 in the prior.

Rising rates now affecting purchase mortgage application activity Rising interest rates don’t mean you can’t find a mortgage that works for you. The rate hike by the Fed is minor and isn’t likely to squeeze too many consumers out of being able to buy a home.You might have to reconfigure what you put down versus what you pay monthly, but as Smoke emphasizes, mortgage rates differ from day to day and lender to lender.

The decline in mortgage rates, which has primarily led to the rebound, is likely to continue in the months ahead due to multiple factors. Homebuilder Confidence Rebounds From 3-Year Low: 4 Picks Home

Affordability keeping some from listing their homes for sale Inventory keeps contracting as higher rates deter sellers: Redfin When the seller signed a contract with his agent to list the house for sale, one of the things specified in the contract was the amount of commission he was willing to pay. 90+% of the time that is 6% to be split between buyers and sellers agents.the listing agent, said Monday. The April 9 auction generated some offers although none high enough. The main problem, as Pedone sees it, is that most people who can afford a luxury home don’t want it.

Dow Slips 200 Points as Homebuilder Sentiment Hits 3-Year Low. By Ben Hernandez on December 17, recent declines in mortgage interest rates should help move the market forward in early 2019.".

The decline in builder sentiment follows a report earlier on Dec. 17 that showed a sharp slowdown in business at New York-area factories. The New York Fed’s Empire State manufacturing index tumbled in.

Quick heads up. The National Association Of Homebuilder’s monthly sentiment survey hit a new 17-month low of 13. That’s one notch down from last month, and to put things into perspective, any.

(Bloomberg) — Sentiment among American homebuilders deteriorated to an eight-month low in July on concerns about higher material costs, according to data Tuesday from the National Association of Home Builders/Wells Fargo. Builders are faced with a tough choice when dealing with higher materials.

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Home builder sentiment fell again in July, continuing a slide from March highs.. a 5 basis point decline since Monday’s close.. Close. Home Builder Confidence Falls to 8-Month Low. Home.

Pending home sales fell by more than expected in February Pending sales are based on signed contracts that have not yet closed, so they are a gauge of future sales. SEE ALSO: existing home sales ease in February from a 10-year high More: Pending Home Sales

An earlier report showed homebuilder sentiment in December tumbled to the lowest level in more than three years, according to the National Association of Home Builders/Wells Fargo. The figure has since rebounded, indicating a pickup in optimism for demand this year. The report was originally scheduled for release on Jan. 17.

US homebuilder confidence dips to an eight-month low.. Homebuilders polled by the National Association of Home Builders/Wells Fargo reported sentiment fell to an eight-month low in July.