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
Industry Veteran Tom Grable Promoted to Division President
Long-time homebuilding industry veteran Tom Grable is promoted to Southern California Division President of TRI Pointe Homes. With TRI Pointe’s merger with Weyerhauser’s homebuilding operations earlier this year, Tom takes
With Capital Backing From China, Landsea Homes Grows U.S. Footprint
Landsea currently builds on both coasts and eyes further expansion.
Public Builder Report Cards
Builder Magazine grades each of the public builders’ 2014 performance based on key financial metrics. The head of the class – Lennar. The laggard among companies operating in California –
