US November NAHB housing market index 34 vs 40 expected

  • US home builder sentiment data
NAHB sentiment
  • Prior was 40
  • Single family 40 vs 46 prior
  • Next six months 39 vs 44 prior
  • Traffic of prospective buyers 21 vs 26 prior

This report mostly captures the sentiment from when interest rates were higher. The upcoming report should be better. At the same time, this doesn't speak to a robust construction market in 2024, and perhaps beyond.

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