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
KB Misses on 4Q 2015 Earnings
KB Home reported 4Q 2015 earnings of $44 million, or 43 cents a share, compared to analyst expectations of 50 cents a share. KB also reported that average selling prices
Matt Tingler Appointed President and COO of Warmington Residential
Costa Mesa-based Warmington Residential named Matt Tingler as President and COO of Warmington Residential as of January 1, 2016. Tingler, a Stanford graduate and 25-year veteran of Warmington, was previously
Landmark Obtains Financing For Second RC Hobbs Community
Landmark Capital Advisors, Newport Beach, on Tuesday announced a successful $9.5 million AD&C loan and JV Equity transaction in Riverside, Ca. on behalf of home builder RC Hobbs Company, the
