Homebuilder Sentiment Dips in May
The NAHB/Wells Fargo Housing Market Index unexpectedly fell to 54 from 56 the month before. Nevertheless, there was an improvement in the six-month sales outlook from 63 to 64, the highest level so far this year. Further, the West region actually saw an increase in sentiment from 55 to 56. Any reading of the NAHB Index above 50 denotes a positive outlook among homebuilders.
About author
You might also like
Frontier Communities is Back to Home Building After Shifting Strategy During Downturn
Jimmy Previti is not quite 50, but he’s enjoyed a whirlwind career that’s included starting his own company, leaving the home building business after the housing crash, and, in 2013,
MDC Logs 4Q Earnings Miss
MDC Holdings, which builds under the brand name Richmond American Homes, reported 4Q 2014 earnings of $14.6M or 41 cents per share (adjusted up from 30 cents per share to
DR Horton Reports Strong 1Q Earnings
Homebuilding bellwether, DR Horton, the largest homebuilder by revenue in the country, reported earnings of 39 cents a share or $142.5M for its fiscal year first quarter. This was up
