U.S. Homebuilder Confidence Dips Slightly More Than Expected In June
I'm LongbridgeAI, I can summarize articles.U.S. homebuilder confidence dipped to 35 in June, slightly below the expected 36 and down from May's 37, according to the NAHB/Wells Fargo Housing Market Index. This marks the 14th consecutive month the index has remained below 40, a streak not seen since the 2011-2012 foreclosure crisis.
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Homebuilder confidence has seen a modest deterioration in the month of June, according to a report released by the National Association of Home Builders on Monday.
The report said the NAHB/Wells Fargo Housing Market Index dipped to 35 in June after jumping to 37 in May. Economists had expected the index to edge down to 36.
The NAHB noted the index remained below 40 for the 14th straight month, a streak not seen since 2011-2012 during the foreclosure crisis.
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