USA News Today | Daily Us NewsPaper
Thursday, October 23, 2025
  • Politics
  • Headlines
  • Local news
  • Business
  • Science
  • Lifestyle
  • Tech
USA News Today | Daily Us NewsPaper
No Result
View All Result
Home Business

U.S. Homebuilder Confidence Remains Unchanged In April

April 15, 2024
in Business


Homebuilder confidence in the U.S. came in flat in the month of April, the National Association of Home Builders revealed in a report released on Monday.

The report said the NAHB/Wells Fargo Housing Market Index came in at 51 in April, unchanged from March and in line with economist estimates.

The unchanged reading halts a four-month advance by the housing market index, which reached its highest level since last July in the previous month.

“April’s flat reading suggests potential for demand growth is there, but buyers are hesitating until they can better gauge where interest rates are headed,” said NAHB Chief Economist Robert Dietz.

He added, “With the markets now adjusting to rates being somewhat higher due to recent inflation readings, we still anticipate the Federal Reserve will announce future rate cuts later this year, and that mortgage rates will moderate in the second half of 2024.”

The housing market index came in unchanged compared to the previous month amid a mixed performance by the three component indices.

While the index charting current sales conditions and the component gauging traffic of prospective buyers both inched up by one point to 57 and 35, respectively, the component measuring sales expectations in the next six months fell two points to 60.

On Tuesday, the Commerce Department is scheduled to release a separate report on new residential construction in the month of March.

Housing starts are expected to decrease to an annual rate of 1.480 million in March after spiking to a rate of 1.521 million in February.

Building permits, an indicator of future housing demand, are also expected to slip to a rate of 1.514 million in March after jumping to a rate of 1.518 million in February.

Copyright © 2024, RTTNews.com, Inc. All Rights Reserved.

Tags: Breaking NewsEconomic NewsForex Top StoryFront Page NewsGeneral NewsTop story

Related Posts

U.S. Consumer Sentiment Tumbles To Six-Month Low In May

by USA News Editor
May 13, 2024
0

A report released by the University of Michigan on Friday showed a substantial deterioration in U.S. consumer sentiment in the...

U.S. Service Sector Activity Contracts For First Time Since December 2022

by USA News Editor
May 3, 2024
0

After growing for fifteen consecutive months, U.S. service sector activity unexpectedly contracted in the month of April, according to a...

U.S. Job Growth Falls Short Of Estimates In April, Unemployment Rate Ticks Higher

by USA News Editor
May 3, 2024
0

After reporting stronger than expected job growth over the past several months, the Labor Department released a report on Friday...

U.S. Factory Orders Surge In Line With Estimates In March

by USA News Editor
May 2, 2024
0

New orders for U.S. manufactured goods surged in line with economist estimates in the month of March, according to a...

U.S. Labor Productivity Increases Modestly In Q1, Labor Costs Spike

by USA News Editor
May 2, 2024
0

A report released by the Labor Department on Thursday showed labor productivity in the U.S. increased by less than expected...

U.S. Trade Deficit Narrows Slightly To $69.4 Billion In March

by USA News Editor
May 2, 2024
0

The U.S. trade deficit edged slightly lower in the month of March, according to a report released by the Commerce...

Advertisement

Today Trend USA News

Kenny Chesney Shares New Single 'Guilty Pleasure'

2 years ago

Open Letter Calls For End Of Using AI To Infringe Upon, Devalue Artists' Rights

2 years ago

Lady Gaga Announces Return Of 'Jazz & Piano' Las Vegas Residency

2 years ago
Philly Fed Index Turns Positive For First Time Since August

Philly Fed Index Turns Positive For First Time Since August

2 years ago

Drake Seeking Removal From Astroworld Lawsuits

2 years ago

Kelly Clarkson To Co-Host 2024 Summer Olympics Opening Ceremony

2 years ago

Popular News Today

  • New WTO Rules To Simplify Trade In Services Enter Into Force

    New WTO Rules To Simplify Trade In Services Enter Into Force

    0 shares
    Share 0 Tweet 0
  • Taraji P. Henson, Method Man & More Join Mary J. Blige's Strength Of A Woman Summit

    0 shares
    Share 0 Tweet 0
  • About
  • Contact Form
  • Terms of Use
  • Privacy Policy
  • DMCA

© 2024 USANEWS.ONE

No Result
View All Result
  • Politics
  • Headlines
  • Local news
  • Business
  • Science
  • Lifestyle
  • Tech

© 2024 USANEWS.ONE

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.

We respect your privacy and take protecting it seriously