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U. S. homebuilder sentiment index climbed in August

by:Deyuan      2020-12-23
On Monday, the association of home builders ( NAHB) The United States, according to figures released on August measure the NAHB housing market of homebuilder sentiment index of 60, with expectations, July data from 59 correction to 58. The latest data show that the builders further bullish on the us housing market.

the NAHB housing market index in August to 60, and expectations, July data from 59 correction to 58. Last August, the index for 61.

the NAHB housing market index is passed by the NAHB monthly to within about 400 builders association members, according to the experience and the actual contact market feeling, the real estate market now and in the future possible status evaluation. According to the survey content, the index is composed of three parts of a weighted average of the draw: ( 1) The current status of housing sales ( 2) Of expected sales over the next six months, and ( 3) Potential future new home buyers.

the NAHB housing market index is less than 50, builders are not bullish on the us housing market. On the other hand, suggests that the U. S. real estate market has great potential/holds great promise. The latest data show that the builders further bullish on the us housing market.

component index, the current housing sales was $65, up from the previous month 2 points; Sales are expected to be 67 over the next six months, from the previous month rose 1 point; Potential future new home buyers to 44, from the previous month fell 44, is still in the range of less than 50.

points in perspective, the south and the northeast of the housing market index rose by 2 points, respectively, 63 and 41; In the western region of the housing market index for 69 remains the same; The central and western regions of the housing market index fell by 2 points, about 55.

prices, has affected people's purchasing power, offset mortgage reduction bring positive influence. NAHB said, homes sold in April to June this year, only 62% of the house, median family income 6 belong to the United States. People can afford $570000 / year, this is more than in the first quarter fell 65%.

according to CNBC reported, the NAHB chief economist Robert Dietz said that despite the recent weak GDP data, but the employment data is very strong, homebuilder confidence remains strong. Mortgage rates at the bottom of the history, more people set up a family, the Labour market is strong, can help the rest of this year, the real estate market strong.

the NAHB chairman Ed said Brady, regulatory issues, land costs, skilled technical workers and other factors, makes the building costs.
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