Homebuilder Confidence Dips In April

Tyler Durden's picture

After reaching 12 year highs in March, Homebuilder confidence dipped in April led by a notable decline in the Northeast and Midwest regions. All four underlying components dropped in April with future sales expectations back near post-election lows.

Current and future sales indices dropped as did prospective buyer traffic.

Of course, as Upton Sinclair pointed out so perfectly in this case, "It is difficult to get a man to understand something, when his salary depends on his not understanding it."

This index is not a leading index in anyway.

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Seasmoke's picture

Ignore. Buy stocks.

y3maxx's picture

It's no more POTUS,

it's "GOMPOTUS"

Ginger, Orange, Mulato President of the United States

ejmoosa's picture

Here in my neck of the woods, the most expensive property( one home once owned by Tyler Perry) in the City was bought and bulldozed for a new development.  Today construction has stopped and it is our newest eyesore.

https://www.johnscreekpost.com/dean-gardens-sale/

 

Creative Destruction this was not.  Just a greedy City Council drooling over property tax dollars.

I am Jobe's picture

Homeowners are bitching in Round Rock, Austin, Texas as Property taxes rise. I guess the party is over for homeowners. Wolf Street predicted that if you are not movable you are going to pay the price 

Fake Trump's picture

Every fucking things down except wages and inflation.

yrad's picture

Two words...

Priced. Out.

markitect's picture

Im in land development, we have no confidence at these prices.  The ability to get a mortgage for buyers at these prices is fading, the land is far too expensive, everyone thinks they are sitting on a goldmine and trying to cash out and retire - newsflash, its just dirt until I improve it.  Im seeing people asking for 500% increases for the land from just 3 years ago, complete insanity out there.

Houses Depreciate's picture

If the asking is more than $1,000 an acre, it's priced too high. 

agstacks's picture

Must be the weather, right? 

RSDallas's picture

Not in Dallas, Texas

Houses Depreciate's picture

In Dallas, Houston, Miami, SF, LA Denver, Boston, NY Philly, London, Paris, Tokyo, Moscow..... Everywhere.

jamesmmu's picture

I love today's morning popup in stocks, it will make tomorrow's selloff worse, look closely at VIX the end of the day, it wont change the trend, its going down.  

jamesmmu's picture

Hard data not buying this recovery, now soft data is rolling back, you know what happen next.

A. Boaty's picture

My realtor sez now looks like a good time to buy.

adanata's picture

LOL.... I know you're joking but my realtor actually says, "Boy, if I was in the market for a house, this is the one I'd buy." She says it every single time. Of course we're not buying.... ;-)

Gladi8tor's picture

I strongly disagree - sales in las vegas are exploding

www.ViewLasVegasRealEstate.com

Gladi8tor's picture

I strongly disagree - sales in las vegas are exploding

www.ViewLasVegasRealEstate.com