NAHB Housing Market Index at a level of 58

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Monday, Apr 18 2016

Builder confidence in the market for newly-built single-family homes remained unchanged in April at a level of 58 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). “Builder confidence has held firm at 58 for three consecutive months, showing that the single-family housing sector continues to recover at a slow but consistent pace,” said NAHB Chairman Ed Brady, a home builder and developer from Bloomington, Ill.

“As we enter the spring home buying season, we should see the market move forward.Builders remain cautiously optimistic about construction growth in 2016,” said NAHB Chief Economist Robert Dietz. “Solid job creation and low mortgage interest rates will sustain continued gains in the single-family housing market in the months ahead.”

Euro is currently being traded few points above 1.1330 level, Sterling is around 1.4280 handle, while Aussie is at 0.7750 area.

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