Open Demo Account
Home / Market Update / U.S. Housing Market Index Declines

U.S. Housing Market Index Declines

M. Ali 15 June, 2021 7:57 pm Market Update

The U.S. Housing Market Index declined this month to 81 from its reading of 83 in May, data by the National Association of Home Builders showed on Friday.

The reading comes below market expectations of maintaining the same level of last month.

The gauge of home sales for the coming six months also decreased to 79 from 81 in the month before.

The index of single-family home sales registered 86, down from 88 in May, while the prospective buyers’ index decreased 71, compared with 73 in May.

Tags

Check Also

Sterling Rebounds Following Softer US PCE Data

The Pound Sterling bounces back strongly above 1.3400 against the US Dollar after soft US …

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