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Home Builders Are Getting Very Depressed In The U S

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Home builder sentiment falls; is lowest in a decade

Posted 6/19/2006 2:15 PM ET

Home-builder sentiment sank to its lowest in more than a decade
in June as rising interest rates made homes less affordable and inhibited speculation, according to an industry survey released Monday.
Sentiment among home builders fell 4 points to 42 in June from an upwardly revised 46 in May, the National Association of Home Builders said. The median expectation from a Reuters survey of analysts was for the index to hit 45.
Any number over 50 indicates that more builders view sales conditions as good than poor.
The 42 Home Builders/Wells Fargo Housing Market Index was its lowest since April 1995. The drop was most pronounced in the Northeast, where the regional index fell 7 points to 40, the NAHB said.
The index indicates a "reasonably orderly cooling-down" of the housing market, NAHB Chief Economist David Seiders said in a press release. New-home sales are likely to fall 13% in 2006 from record levels last year, he said.

Building shares not doing too well in the UK either. The crash should be with us shortly.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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