Homebuilder Sentiment Misses By Most Since April

Prospective buyer traffic rose in all regions but the National Association of Homebuilders key sentiment index missed Bloomberg median expectations by the most since April. Future single-family home sales expectations dropped notably and this is the first time since April that the index has not risen. One data point does not make a trend change but given mortgage rates, mortgage apps, and home sales, and now the expectations for future sales, it will be hard for many to keep the housing recovery dream alive... even if the Fed rolls back all their Taper talk and doubles-down on QE...

 

A miss vs Bloomberg median expectations...