Sunday, February 1st-0.2°C
24736
24889

Measure of US homebuilders' confidence edges lower, but overall sales outlook remains positive

U.S. homebuilders lost a little confidence in the housing market this month but remained generally upbeat ahead of the spring home-selling next season.

The National Association of Home Builders/Wells Fargo builder sentiment index dipped to 56. That's down from December's reading of 57, which was revised one point lower from its initial estimate.

Readings above 50 indicate more builders view sales conditions as good, rather than poor.

Builders' view of current sales conditions for single-family homes, their outlook for sales over the next six months and traffic by prospective buyers each declined since December.

Even so, the overall index is nine points higher than a year ago, reflecting a stronger U.S. housing market. The spring buying and selling season kicks off next month.

The Canadian Press


Read more Business News

23916


Recent Trending




Today's Market
S&P TSX14673.48+37.521
S&P CDNX676.81+9.70
DJIA17164.95-251.90
Nasdaq4635.24-48.167
S&P 5001994.99-26.26
CDN Dollar0.7872+0.0016
Gold1286.60-5.10
Oil50.07+3.16
Lumber321.80+0.70
Natural Gas2.87-0.111

 
Okanagan Companies
Pacific Safety0.120.00
Knighthawk0.010.00
QHR Technologies Inc1.400.00
Cantex0.035-0.005
Anavex Life Sciences0.174-0.006
Metalex Ventures0.040.00
Russel Metals23.42-0.16
Copper Mountain Mining0.99+0.01
Colorado Resources0.150.00
ReliaBrand Inc0.01+0.0031
Sunrise Resources Ltd0.050.00
Mission Ready Services0.2350.00

 



24353

FEATURED Property
218774412950 Lake Hill Drive
4 bedrooms 3 baths
$515,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Leaving a job: changing careers

Many people, who find themselves out of work and with time on their hands, and money in their pockets due to lay-off, start thinking about a career change. If you weren’t happy with the directio...


Service fit makes happy employees

Finding the right employees for the front lines of your company is key to developing a great service attitude within your company. It is just as important as hiring the right accountant, manager, sale...


How to price: workbook approach

In 2008 Self Counsel Press published my book - Pricing Strategies for Small Business. The book is now available in Europe, India, Russia and the United States. The purpose of the book was to make avai...

_








Member of BC Press Council


24975