NAHB Index Declines Tuesday, February 19, 4:01 PM ET
Builder confidence in the market for new single-family homes was virtually unchanged in February with a one-point decline to 46, according to the National Association of Home Builders/Wells Fargo Housing Market Index. Economists expected the index to climb to 48.
The component of the index gauging sales expectations for the next six months increased by one point to 50, and the component gauging traffic of prospective buyers slipped four points to 32. Three-month moving averages for each region's housing market index score were mixed in February, with the Northeast up three points to 39 and the West up four points to 55 and the Midwest and South each down two points, to 48 and 47, respectively.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.