home builder sentiment
- Prior was 40
Details:
- Single family 37 vs 45 prior
- Prospective buyers 23 vs 25 prior
- Sales expectations 42 vs 43 prior
This matches the lowest since 2022 and -- outside of the pandemic period -- is the worst since 2012. The west region is particularly soft.
I can't imagine that today's touch of 5% in US 30-year yields is going to help the sentiment in the housing market. That said, spending on home-related goods was strong in today's retail sales report.
