US Homebuilder Sentiment Index went down, went back up

READ THESE PARAGRAPHS IN REVERSE ORDER, I.E., START WITH THE ONE AT THE BOTTOM, THEN WORK YOUR WAY UP.

Reported on June 16, 2020….

US Homebuilder Sentiment Stronger than Forecast

The NAHB housing market index in the US climbed 21 points from the previous month to 58in June 2020, easily beating market expectations of 45, as several states lifted the lockdowns restrictions imposed to combat COVID-19. The current single-family sub-index rose to 63 from 42 in May and the one foor prospective buyers went up to 43 from 21. Additionally, the gauge for home sales over the next six months increased to 68 from 46  

2020-06-16

Reported on May 18, 2020….

US Homebuilder Sentiment Rebounds Slightly

The NAHB housing market index in the US rose to 37in May of 2020 rebounding slightly from 30 in April which was the lowest since June 2012 and above market forecasts of 35. Still, the sentiment remained in the negative territory as the reading came below 50. The index stood at 66 in May 2019 and hiit a high of 76 in December. The current single-family sub-index went up to 42 from 36 in April; the sub-index for home sales for the next six months increased to 46 from 36; and prospective buyers also rose to 21 from 13 

2020-05-18

Reported on April 15, 2020….

US Homebuilder Sentiment Slumps to 8-Year Low

The NAHB housing market index in the US tumbled to 30in April 2020, the lowest since June 2012 and well below market forecasts of 55. The current single-family sub-index declined to 36 from 79 in March; the sub-index for home sales for the next six months dropped to 36 from 75; and prospective buyeers also went down to 13 from 56 

2020-04-15

Reported on March 17, 2020

US Homebuilder Sentiment Falls More than Expected

The NAHB housing market index in the US fell to 72in March of 2020 from 74 in the previous month and below market forecasts of 73. The current single-family sub-index declined to 79 from 81 in February; the sub-index for home sales for the next six months dropped to 75 from 79 and prospective buyerrs also went down to 56 from 57. It is important to note that half of the builder responses were collected prior to March 4, so the recent stock market declines and the rising economic impact of the coronavirus will be reflected more in next month's report, said NAHB chief economist Robert Dietz  

2020-03-17