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Builder Confidence Index December 2018

By
Industry Observer CDRE #01044712

On December 17, 2018, National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for newly built single family homes down four points to 56 points in December of 2018 from 60 points in November of 2018.

The HMI component charting present sales conditions dropped six points to 61 points, the HMI buyer traffic lost two points to 43 points, and the HMI sales expectations index declined four points to 61 points in December of 2018.

The three-month moving averages for regional HMI scores, South decreased three points to 65 points, the West lower three points to 68 points, Northeast fell eight points to 50 points, Midwest down two points to 55 points in December of 2018.

NAHB Chief Economist Robert Dietz, stated  “This housing slowdown is an early indicator of economic softening, and it is important that builders manage supply-side costs to keep home prices competitive for buyers at different price points.”

For complete more detailed information about NAHB Builder Confidence Index for December of 2018, please click HERE

Posted by

John Pusa

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Office (818) 441-8881

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Comments (8)

Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

John this is an important indicator and sellers need to understand the ramification of this report. I watch it closely as well, Endre

Jan 02, 2019 09:29 PM
Roy Kelley
Retired - Gaithersburg, MD

Thank you very much, John, for sharing this report.

Have an outstanding January.

Jan 03, 2019 05:43 AM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

With rising interest rates & increased cost's for building materials it's no wonder that builders confidence is down. Hopefully we'll see some relief from those tariffs soon.

Jan 03, 2019 02:35 PM
John Pusa
Glendale, CA

Very true Endre Barath, Jr. Builder Confidence Index is an important indicator and sellers should understand it and real estate professionals pay attention to it. Thanks for the comment.

Jan 03, 2019 02:46 PM
John Pusa
Glendale, CA

You are welcome Roy Kelley glad you find the report very helpful. Have an outstanding January too. Thanks for the comment. 

Jan 03, 2019 02:49 PM
John Pusa
Glendale, CA

You are right Debe Maxwell, CRS higher interest rates and cost of building  materials had negative impact on builders. Thanks for the comment.

Jan 03, 2019 02:52 PM
Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, ABR,CNE,CRS,ePro,PSA,RENE,SRS

Always good to get insight from a local specialist. Thank you for sharing!

Jan 09, 2019 10:41 AM
John Pusa
Glendale, CA

You are welcome Jeremy K. Frost glad you find the report very valuable. Thanks for the comment.

Jan 09, 2019 04:00 PM