Tree Frog Forestry News

Home builder confidence slips slightly in January, but USMCA trade deal should be a boon to the industry

By Jacob Passy
Market Watch
January 16, 2020
Category: Finance & Economics
Region: Canada, United States

The NAHB’s monthly confidence index dropped one point to 75 in January from 76 the month prior. The indicator of expectations for future sales over the next six months stayed the same at 79 points. The gauge of current single-family home sales dropped three points to 81, while the index that measures sentiment regarding prospective buyer traffic ticked up one point to 58. Regionally, home-builder sentiment improved on a monthly basis across the West (up 4) and Northeast (up 3), but stayed the same in the South and worsened in the Midwest (down 7).

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