Open Demo Account
Home / Market Update / U.S. Home Builders Confidence Maintains High Reading

U.S. Home Builders Confidence Maintains High Reading

M. Ali 17 May, 2021 6:47 pm Market Update

The confidence of homebuilders in the United States stabilized, supported by the low-interest rates amid increasing construction costs due to the rising inflation rates.

The home builders’ confidence index registered a reading of 83 this month, according to data by the National Association of Home Builders (NAHB) released on Monday.

Any reading above 50 signals an improvement in confidence.

Meanwhile, material costs for home construction rose by 12% on an annual basis.

Tags

Check Also

Gold Prices Jump Amid Trade Uncertainty and Weaker Dollar

Gold Surges as Safe-Haven Demand Increases Gold prices saw a notable increase in Asian trade …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends