Homebuilder sentiment cools in January from 18-year high

The first builder-sentiment reading for 2018, albeit a decline from a 18-year high, is consistent with other reports that indicate residential construction will build on recent growth, as a solid job market, relatively low mortgage costs and rising confidence help propel housing demand.

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Homebuilder Sentiment in U.S. Cools in January From 18-Year High (Bloomberg.com) Source: Sputnik. Did Bitcoin Just Burst? How It Compares to History’s Big Bubbles (Bloomberg.com) Wall Street Has a $1.7 Billion Bet on the Rising Risk of Grid Attacks (Bloomberg.com)

Homebuilder Sentiment in U.S. Cools in January From 18-Year High (Bloomberg.com) Source: Sputnik. Did Bitcoin Just Burst? How It Compares to History’s Big Bubbles (Bloomberg.com) Wall Street Has a $1.7 Billion Bet on the Rising Risk of Grid Attacks (Bloomberg.com)

 · Builder sentiment rose 2 points to 58 in January on a monthly index from the National Association of Home Builders. This came after two months of sharp drops in sentiment to the lowest level in more than two years. The index stood at 72 last January. Anything above 50.

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America’s homebuilders haven’t felt this good since the last millennium. On Monday, the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) – more commonly known as homebuilder sentiment – hit an 18-year high of 74, topping expectations for a reading of 70 and well above last month’s reading of 69.

A closely-watched reading on home-builder sentiment slipped slightly in January after reaching an 18-year high late in 2017.. Home builder confidence loses steam, but still signals upside.

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The National Association of Home Builders/Wells Fargo builder sentiment index released Wednesday slipped this month to 72. That’s down two points from December’s reading, which marked an 18-year.

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