FOREX TradingCharts.com

Financial News: U.S. Homebuilder Confidence Holds Steady In July

U.S. Homebuilder Confidence Holds Steady In July

07/17/2018 - 10:32:00 (RTTNews)

(RTTNews) - Homebuilder confidence in the U.S. has held steady in the month of July, according to a report released by the National Association of Home Builders on Tuesday.

The report said the NAHB/Wells Fargo Housing Market Index remained unchanged in July after dipping to 68 in June. The unchanged reading matched economist estimates.

"Consumer demand for single-family homes is holding strong this summer, buoyed by steady job growth, income gains and low unemployment in many parts of the country," said NAHB Chairman Randy Noel.

The NAHB said the index measuring current sales conditions also remained unchanged from the previous month at 74 in July.

Meanwhile, a two-point drop by the index gauging expectations in the next six months was offset by a two-point increase by the index charting buyer traffic.

"Builders are encouraged by growing housing demand, but they continue to be burdened by rising construction material costs," said NAHB Chief Economist Robert Dietz.

He added, "Builders need to manage these cost increases as they strive to provide competitively priced homes, especially as more first-time home buyers enter the housing market."

On Wednesday, the Commerce Department is scheduled to release a separate report on new residential construction in the month of June.

Housing starts are expected to edge down to an annual rate of 1.320 million in June after jumping to a rate of 1.350 million in May.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2018 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Poland GDP Growth Eases As Expected In Q2 (07 hr(s), 34 min(s), 53 sec(s) ago)
(RTTNews) - Poland's economic growth slowed slightly in the second quarter, in line with expec ...Full Story»

Bulgaria Q2 Economic Growth Eases (07 hr(s), 46 min(s), 53 sec(s) ago)
(RTTNews) - Bulgaria's economic growth slowed in the three months ended June, preliminary figu ...Full Story»

U.S. Import Prices Unchanged In July, Export Prices Unexpectedly Drop (08 hr(s), 14 min(s), 53 sec(s) ago)
(RTTNews) - With a jump in prices for fuel imports offset by a drop in prices for non-fuel imports ...Full Story»

Slovakia GDP Growth Improves In Q2 (08 hr(s), 22 min(s), 53 sec(s) ago)
(RTTNews) - Slovakia's economic growth accelerated further in the three months ended June, pre ...Full Story»

Portugal Q2 Economic Growth Accelerates (08 hr(s), 35 min(s), 53 sec(s) ago)
(RTTNews) - Portugal's economic growth accelerated in the three months ended June, after easin ...Full Story»

German Q2 GDP Growth Improves On Domestic Demand (08 hr(s), 46 min(s), 53 sec(s) ago)
(RTTNews) - Germany's economic growth exceeded expectations in the second quarter on domestic ...Full Story»

U.S. Import Prices Unexpectedly Unchanged In July (08 hr(s), 52 min(s), 53 sec(s) ago)
(RTTNews) - With a jump in prices for fuel imports offset by a drop in prices for non-fuel imports ...Full Story»

Dutch GDP Growth Improves In Q2 (08 hr(s), 51 min(s), 53 sec(s) ago)
(RTTNews) - Dutch economic growth improved slightly in the three months ended June, preliminary fi ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Poland GDP Growth Eases As Expected In Q2

08/14/2018 - 09:58 AM (RTTNews)
(RTTNews) - Poland's economic growth slowed slightly in the second quarter, in line with expec ...Full Story>>

Bulgaria Q2 Economic Growth Eases

08/14/2018 - 09:46 AM (RTTNews)
(RTTNews) - Bulgaria's economic growth slowed in the three months ended June, preliminary figu ...Full Story>>

U.S. Import Prices Unchanged In July, Export Prices Unexpectedly Drop

08/14/2018 - 09:18 AM (RTTNews)
(RTTNews) - With a jump in prices for fuel imports offset by a drop in prices for non-fuel imports ...Full Story>>

Slovakia GDP Growth Improves In Q2

08/14/2018 - 09:10 AM (RTTNews)
(RTTNews) - Slovakia's economic growth accelerated further in the three months ended June, pre ...Full Story>>

Portugal Q2 Economic Growth Accelerates

08/14/2018 - 08:57 AM (RTTNews)
(RTTNews) - Portugal's economic growth accelerated in the three months ended June, after easin ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.