Confidence among US homebuilders slumped in May to the lowest level since late 2023 as the NAHB sentiment index tumbled 6 points to 34 (well below the 40 expected)…
Source: Bloomberg
All three components that make up the index fell, with a measure of expected sales in the next six months sliding to an 18-month low.
Confidence in the work of homebuilders is in direct proportion to the quality of their end products.