Homebuilder Sentiment Tumbles To October Lows (and No, It's Not The Weather)

Homebuilder Sentiment tumbled for the 2nd month to October lows, missing expectations for the 3rd month in a row, as buyer traffic and sales expectations both fell. The weather-crushed Midwest saw sentiment surge from 48 to 61 and the sun-soaked home-sales-destroyingly warm West region saw sentiment collapse from 64 to 53.

 

Lowest since October...

 

It's not the weather...

 

Charts: Bloomberg