Homebuilder Sentiment Misses, Future Sales Expectations Hit 7-Month Lows

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...

 

With 3 of the 4 regions showing weakness...

 

Charts: Bloomberg