Homebuilder Confidence Misses Expectations Again As Outlook Plunges To 10-Month Lows

Tyler Durden's picture

Despite last month's epic collapse in the NAHB Confidence index, the 'recovery' bounce this month missed expectations significantly making the 6th miss in the last 7 months (we assume that means its been winter-stormy for the last 7 months). Holding at levels seen in May 2013, future sales expectations dropped once again to 10 month lows as hope fades (or they expect more bad weather). The West (crushed by warm dry pleasant weather) continues to plummet but the NorthEast dropped to levekls not seen since Auguest 2012.




and the outlook tumbles (must be expecting bad weather)


The West plunged and The NorthEast dropped to multi-year lows...


Charts: Bloomberg

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
NoDebt's picture

Less worse!  Bullish!

creativity19's picture

I propose we start a new index, we'll call it the Homelessness Confidence Index. People will be polled about how likely they'll see themselves homeless within a given period of time, say 5 years. Who thinks this would be a good idea?


elwind45's picture

Its sad but in front of my store you would be able to get at least a 4% error margin polling homeless about "when they think they will be off the streets"! Your example assumes too much?

Yoki's picture

In the end, the your masters will win,

PlusTic's picture

Good enough for the algos...they were getting dusty!

caimen garou's picture

russians impose sanctions on US, stopped buying houses in kalifornia

orangegeek's picture

Philly housing index rolled over 10 days ago.




Today the Philly is flat at 201 in spite of the ramp up this morning.


Ugly and getting uglier.

Johnny Cocknballs's picture

 Buy the dip!

Hey, all we need is more subprime lending. 

That and fresh baked fiat, right out of Mama Yellen's oven.

rockraider3's picture

You didn't build that.  Literally.  Homebuilders are not going to build that.

Wen_Dat's picture

Tyler, why you lie?


Breaking News: US homebuilder confidence edges higher in March Yahoooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo
agstacks's picture

Nothing a few new scary weather terms cannot explain away.  Polar vortex to become the mexi-drought this summer, etc.

Unstable Condition's picture

The term polar vortex isn't anything new, it's just been a couple decades since one came down so far so persistently.

Other than that you're correct.

starman's picture

3 2 1 crash ....I Speculate a 30% drop in real estate in areas where it shot up 30% from Dec 2012 to May 2013 do to instutional overindulge nce. 

SheepDog-One's picture

The problem now seems to be how to make the news increasingly bad enough to keep stawk indexes levitating daily....and there's no way to stop this ride and get off, tha's the sad part. Like Bill Hicks said, it's just a ride, you go up and down and round and round.

Father Lucifer's picture

It's fucking summer in L.A. already, totally blew over the spring buying season. See it is the weather.

TheRideNeverEnds's picture

..and the S&P goes STRAIGHT UP on the news. 


1900 here we come!

elwind45's picture

Radiation vortex only needs a breeze

boeing747's picture

After this year's consolidation, RE will move even higher next year. Warning sign is that the housing prices in bad school districts are approaching the highs of last bubble. I don't know why ZH keeps posting such articles, who owns ABC Media.

rlouis's picture

Algos can't drive real home sales anymore than artificial interest rates can sustain an unreal level of real estate values.  The only thing that will save real estate prices is hyper inflation - and that isn't a good thing.