NAHB Sentiment in January printed 57 (missing expectations of 58) down 1 from last month's upwardly revised 58 print. This headline mediocrity, however, hides a relative plunge in future sales expectations which tumbled to their lowest since June. Only the Midwest region saw improvement with the West region plunging 9 points to 66.
Futures sales expectations tumble to 7-month lows...
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With 3 of the 4 regions showing weakness...
[4]
Charts: Bloomberg
