September 2018 US NAHB housing market index 18 September 2018

  • Prior 67
  • Single home sales 74 v s73 prior
  • Prospective buyers 49 unch
  • 6m expectations 74 vs 72 prior

Although a beat, it’s unchanged on last month and that might be a sign that the recent downtrend is at least pausing. We’ve seen this and the MBA data signalling a potential slowdown in housing activity and there’s nothing to remove that worry just yet.

Ryan Littlestone

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