April, 29 2024 Monday 23:40 Hrs
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Pre Session Commentary - Detailed News

Economic Buzz: US Homebuilder Confidence Remains Unchanged In April
16-Apr-24   08:21 Hrs IST
Homebuilder confidence in the U.S. came in flat in the month of April, the National Association of Home Builders revealed in a report released on Monday.

The report said the NAHB/Wells Fargo Housing Market Index came in at 51 in April, unchanged from March.

The unchanged reading halts a four-month advance by the housing market index, which reached its highest level since last July in the previous month.

The housing market index came in unchanged compared to the previous month amid a mixed performance by the three component indices.

While the index charting current sales conditions and the component gauging traffic of prospective buyers both inched up by one point to 57 and 35, respectively, the component measuring sales expectations in the next six months fell two points to 60.

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