Homebuilder optimism slips slightly to start 2020 but is still high

A contractor uses a hammer while working on townhouse under construction at the PulteGroup Metro housing development in Milpitas, California, Oct. 25, 2018. The nation’s single-family homebuilders are feeling very confident about their business in the new year, as high demand and low supply make for a profitable mix. Builders are also starting to pivot more to entry-level homes, after a decade of building mostly move-up product. “With the Federal Reserve on pause and [with] attractive mortgage r


A contractor uses a hammer while working on townhouse under construction at the PulteGroup Metro housing development in Milpitas, California, Oct. 25, 2018.
The nation’s single-family homebuilders are feeling very confident about their business in the new year, as high demand and low supply make for a profitable mix.
Builders are also starting to pivot more to entry-level homes, after a decade of building mostly move-up product.
“With the Federal Reserve on pause and [with] attractive mortgage r
Homebuilder optimism slips slightly to start 2020 but is still high Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-16  Authors: diana olick, in dianaolick
Keywords: news, cnbc, companies, points, singlefamily, slightly, point, 2020, start, optimism, slips, months, builders, construction, sentiment, homebuilder, high, unchanged, rates, sales


Homebuilder optimism slips slightly to start 2020 but is still high

A contractor uses a hammer while working on townhouse under construction at the PulteGroup Metro housing development in Milpitas, California, Oct. 25, 2018.

The nation’s single-family homebuilders are feeling very confident about their business in the new year, as high demand and low supply make for a profitable mix.

Yet, sentiment in January did slip 1 point on the National Association of Home Builders/ Wells Fargo Housing Market Index to 75, but that is considerably higher than last January, when it was 58. Last month’s reading was a 20-year high. Anything above 50 is considered positive.

Low interest rates are making homebuying more affordable, despite the price premium for new construction. Builders are also starting to pivot more to entry-level homes, after a decade of building mostly move-up product. Prices are still rising for new and existing homes, so there may be some friction ahead if affordability worsens.

“With the Federal Reserve on pause and [with] attractive mortgage rates, the steady rise in single-family construction that began last spring will continue into 2020,” said NAHB chief economist Robert Dietz. “However, builders continue to grapple with a shortage of lots and labor while buyers are frustrated by a lack of inventory, particularly among starter homes.”

Of the HMI’s three components, buyer traffic increased 1 point to 58, the highest level since December 2017. Current sales conditions, however, fell 3 points to 81 and sales expectations in the next six months was unchanged at 79.

Regionally, on a three-month moving average, builder confidence in the Northeast rose 1 point to 62, increased 3 points in the Midwest to 66 and in the West it moved 1 point higher to 84. Sentiment in the South was unchanged at 76.


Company: cnbc, Activity: cnbc, Date: 2020-01-16  Authors: diana olick, in dianaolick
Keywords: news, cnbc, companies, points, singlefamily, slightly, point, 2020, start, optimism, slips, months, builders, construction, sentiment, homebuilder, high, unchanged, rates, sales


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Earnings, consumer sentiment, job openings data: 3 things to watch for in the markets on Friday

We’ll get earnings from Citizens Financial, Kansas City Southern and J.B. Hunt before the bell on Friday. Sandler O’Neill said it expects Citizens Financial to report earnings per share of 96 cents, in line with consensus estimates. Shares of Citizens Financial have jumped more than 12% in the last three months. Trucking company J.B. Hunt reports quarterly earnings on Friday and is expected to report earnings of $1.50, according to Refinitiv consensus estimates. In the fourth quarter last year,


We’ll get earnings from Citizens Financial, Kansas City Southern and J.B. Hunt before the bell on Friday.
Sandler O’Neill said it expects Citizens Financial to report earnings per share of 96 cents, in line with consensus estimates.
Shares of Citizens Financial have jumped more than 12% in the last three months.
Trucking company J.B. Hunt reports quarterly earnings on Friday and is expected to report earnings of $1.50, according to Refinitiv consensus estimates.
In the fourth quarter last year,
Earnings, consumer sentiment, job openings data: 3 things to watch for in the markets on Friday Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-16  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, financial, things, openings, share, city, earnings, job, data, kansas, report, southern, hunt, sentiment, markets, consumer, watch, citizens


Earnings, consumer sentiment, job openings data: 3 things to watch for in the markets on Friday

Here are the most important things to know about Friday before you hit the door.

We’ll get earnings from Citizens Financial, Kansas City Southern and J.B. Hunt before the bell on Friday.

Sandler O’Neill said it expects Citizens Financial to report earnings per share of 96 cents, in line with consensus estimates. The firm said it will be looking at how low interest rates are effecting net interest margin. Shares of Citizens Financial have jumped more than 12% in the last three months.

After rallying more than 20% in the last three months, Bank of America expects transportation company Kansas City Southern to report $1.75 per share, compared with the $1.56 earned last year. The firm said it is bullish on Kansas City Southern due to potential “Mexican industrial recovery in 2020 following the passage of USMCA,” said Bank of America analyst Ken Hoexter in a note to clients.

Trucking company J.B. Hunt reports quarterly earnings on Friday and is expected to report earnings of $1.50, according to Refinitiv consensus estimates. In the fourth quarter last year, J.B. Hunt earned $1.78 per share. J.B. Hunt’s stock is up about 4% in the last three months.

Schlumberge and Fastenal also report quarterly earnings on Friday.


Company: cnbc, Activity: cnbc, Date: 2020-01-16  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, financial, things, openings, share, city, earnings, job, data, kansas, report, southern, hunt, sentiment, markets, consumer, watch, citizens


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S&P 500 has up to 20% upside this year — but don’t buy just yet, strategist says

The S&P 500 could advance by 10-20% this year, but investors should hold off on buying for the next few weeks, according to Chris Watling, the CEO of independent financial research firm Longview Economics. U.S. stocks jumped to record highs on Thursday as tensions between Iran and the U.S. cooled, with the S&P 500 closing 0.7% higher at 3,274.70. Bearish sentiment, or expectations that will stocks will fall over the next six months, jumped 8.0 percentage points to 29.9%. “In this economic cycle


The S&P 500 could advance by 10-20% this year, but investors should hold off on buying for the next few weeks, according to Chris Watling, the CEO of independent financial research firm Longview Economics.
U.S. stocks jumped to record highs on Thursday as tensions between Iran and the U.S. cooled, with the S&P 500 closing 0.7% higher at 3,274.70.
Bearish sentiment, or expectations that will stocks will fall over the next six months, jumped 8.0 percentage points to 29.9%.
“In this economic cycle
S&P 500 has up to 20% upside this year — but don’t buy just yet, strategist says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-10  Authors: elliot smith
Keywords: news, cnbc, companies, sheet, strategist, upside, watling, 500, longview, buy, sentiment, stocks, dont, balance, months, sell


S&P 500 has up to 20% upside this year — but don't buy just yet, strategist says

The S&P 500 could advance by 10-20% this year, but investors should hold off on buying for the next few weeks, according to Chris Watling, the CEO of independent financial research firm Longview Economics.

In a note published this week, Longview said its current market timing models are close to “sell” for the U.S. index, since risk appetite has become “greedy” and markets are “complacently priced.”

U.S. stocks jumped to record highs on Thursday as tensions between Iran and the U.S. cooled, with the S&P 500 closing 0.7% higher at 3,274.70. The index has surged 26.68% over the last twelve months. Watling recommended remaining “neutral” while high levels of risk appetite and sell signals unwind.

The latest AAII Sentiment Survey published on Thursday placed pessimism among individual investors at a six-week high. Bullish sentiment for the next six months is seen falling 4.1 percentage points to 33.1% versus a historical average of 38.0%. Bearish sentiment, or expectations that will stocks will fall over the next six months, jumped 8.0 percentage points to 29.9%.

However, a re-acceleration of the “mini cycle” in the U.S. economy and central bank “largesse” mean the outlook for the first half of 2020 is positive.

“In this economic cycle (except for 2017) whenever the (Federal Reserve) has been expanding its balance sheet, the S&P 500 has been trending higher, and whenever it has stopped (or contracted its balance sheet), the S&P 500 has trended sideways/sold off,” the Longview note highlighted.

“With this latest Fed repo program that balance sheet expansion has recently begun once again (supported by interest rate cuts).”


Company: cnbc, Activity: cnbc, Date: 2020-01-10  Authors: elliot smith
Keywords: news, cnbc, companies, sheet, strategist, upside, watling, 500, longview, buy, sentiment, stocks, dont, balance, months, sell


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CEO confidence in the economy has cratered, while consumers believe things are OK

Recent surveys exemplify a trend that began a few years ago and has accelerated over the past several months. The gap between sentiment is broad and growing, though there’s some reason to believe that a change could be coming. Chief executive officers and chief financial officers see an economy that is heading into a slowdown if not an outright recession. Recent surveys show that CEOs believe recession is the biggest risk in 2020, while almost all CFOs surveyed by Deloitte think the economy is l


Recent surveys exemplify a trend that began a few years ago and has accelerated over the past several months.
The gap between sentiment is broad and growing, though there’s some reason to believe that a change could be coming.
Chief executive officers and chief financial officers see an economy that is heading into a slowdown if not an outright recession.
Recent surveys show that CEOs believe recession is the biggest risk in 2020, while almost all CFOs surveyed by Deloitte think the economy is l
CEO confidence in the economy has cratered, while consumers believe things are OK Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-09  Authors: jeff cox
Keywords: news, cnbc, companies, consumers, confidence, surveys, cratered, recession, view, officers, sentiment, highs, recent, things, believe, ceo, opposite, economy, rate


CEO confidence in the economy has cratered, while consumers believe things are OK

Consumers and corporate chieftains are heading in the opposite direction, with one group still brimming with good thoughts about the future and the other sure that tougher times are coming. Recent surveys exemplify a trend that began a few years ago and has accelerated over the past several months. The gap between sentiment is broad and growing, though there’s some reason to believe that a change could be coming.

Chief executive officers and chief financial officers see an economy that is heading into a slowdown if not an outright recession. Recent surveys show that CEOs believe recession is the biggest risk in 2020, while almost all CFOs surveyed by Deloitte think the economy is likely to at least slow. They view the U.S.-China trade war, a slowing global picture and increasing headline political risks as threats to the decade-long expansion that is the longest in American history. But consumers are in the opposite camp. While sentiment has leveled off from record highs, they still view conditions as generally positive. Spending remains strong even amid a growing savings rate, as consumers remain the beneficiary of a 50-year low in the unemployment rate and historic highs for the stock market.


Company: cnbc, Activity: cnbc, Date: 2020-01-09  Authors: jeff cox
Keywords: news, cnbc, companies, consumers, confidence, surveys, cratered, recession, view, officers, sentiment, highs, recent, things, believe, ceo, opposite, economy, rate


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Europe stocks close slightly higher after Iran missile strike curbs sentiment; NMC Health down 15%

The pan-European Stoxx 600 was around 0.1% higher at the closing bell, with travel and leisure stocks adding 0.6% to lead gains while food and beverages slipped 0.6%. Markets in Europe got off to a rocky start after Tehran retaliated to Washington’s killing of its top military commander, launching more than a dozen ballistic missiles targeted at U.S. military forces in Iraq. However, market participants seemed to interpret the action as a contained response to the targeted killing of Qasem Solei


The pan-European Stoxx 600 was around 0.1% higher at the closing bell, with travel and leisure stocks adding 0.6% to lead gains while food and beverages slipped 0.6%.
Markets in Europe got off to a rocky start after Tehran retaliated to Washington’s killing of its top military commander, launching more than a dozen ballistic missiles targeted at U.S. military forces in Iraq.
However, market participants seemed to interpret the action as a contained response to the targeted killing of Qasem Solei
Europe stocks close slightly higher after Iran missile strike curbs sentiment; NMC Health down 15% Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-08  Authors: elliot smith, ryan browne
Keywords: news, cnbc, companies, twitter, washingtons, war, nmc, adding, missile, sentiment, stocks, strike, killing, health, higher, zarif, europe, slightly, escalation, iran, targeted, wednesdays, military


Europe stocks close slightly higher after Iran missile strike curbs sentiment; NMC Health down 15%

The pan-European Stoxx 600 was around 0.1% higher at the closing bell, with travel and leisure stocks adding 0.6% to lead gains while food and beverages slipped 0.6%.

Markets in Europe got off to a rocky start after Tehran retaliated to Washington’s killing of its top military commander, launching more than a dozen ballistic missiles targeted at U.S. military forces in Iraq. It was not immediately clear whether any U.S. service members were harmed in the attacks.

However, market participants seemed to interpret the action as a contained response to the targeted killing of Qasem Soleimani, with fears of an escalation easing somewhat during Wednesday’s trading session.

Iranian Foreign Minister Mohamad Javad Zarif said via Twitter that “we do not seek escalation or war, but will defend ourselves against any aggression.”

“All is well!” President Donald Trump tweeted, adding that an assessment of casualties was taking place.


Company: cnbc, Activity: cnbc, Date: 2020-01-08  Authors: elliot smith, ryan browne
Keywords: news, cnbc, companies, twitter, washingtons, war, nmc, adding, missile, sentiment, stocks, strike, killing, health, higher, zarif, europe, slightly, escalation, iran, targeted, wednesdays, military


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Why experts think the stock market will continue rising in 2020

“It’s hard to see how things get much better,” Emily Roland, a co-chief investment strategist at John Hancock Investment Management, told members of the media during the company’s recent 2020 outlook event in New York. The market has a lot of “year-over-year positive momentum,” says Scott Colbert, chief economist at Missouri-based Commerce Trust Company, who also expects the bull market to continue and stocks to keep rising into 2020. Earnings reports: Quarterly reports released by public compan


“It’s hard to see how things get much better,” Emily Roland, a co-chief investment strategist at John Hancock Investment Management, told members of the media during the company’s recent 2020 outlook event in New York.
The market has a lot of “year-over-year positive momentum,” says Scott Colbert, chief economist at Missouri-based Commerce Trust Company, who also expects the bull market to continue and stocks to keep rising into 2020.
Earnings reports: Quarterly reports released by public compan
Why experts think the stock market will continue rising in 2020 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-20  Authors: sam becker
Keywords: news, cnbc, companies, markets, experts, investment, stock, things, reports, think, investors, continue, sentiment, roland, 2020, market, rising, consumer, economy, strategist


Why experts think the stock market will continue rising in 2020

In 2019, the stock markets hit record highs, unemployment reached near-record lows, and consumers felt a renewed sense of confidence in the economy as worries about a coming recession faded away. And some experts expect the economy to keep roaring along, though perhaps at a slower pace. “It’s hard to see how things get much better,” Emily Roland, a co-chief investment strategist at John Hancock Investment Management, told members of the media during the company’s recent 2020 outlook event in New York. “There’s this idea of everything being awesome right now,” she added. “We’re sitting here near these all-time highs, and volatility has been low.” Other economists concur. The market has a lot of “year-over-year positive momentum,” says Scott Colbert, chief economist at Missouri-based Commerce Trust Company, who also expects the bull market to continue and stocks to keep rising into 2020. So far in 2019, the S&P 500 Index is up roughly 30% — well above the historical average of 10%. That said, both Colbert and Roland do expect the economy to slow down a bit. They recommend that everyday investors stick to a strategy of investing early, often, and for the long term while also keeping an eye on the markets.

What to look for when watching the markets

While the markets have been on a tear for more than a decade now, it’s important to remember that the economy still has some underlying issues that can affect the markets. For example, despite low unemployment numbers and strong markets, half of U.S. workers did not see any sort of increase in pay last year, according to a recent survey from Bankrate. “The disconnect between the economy and the financial markets can be huge,” says Colbert, who stresses that investors pay attention to moves by the Fed, along with other indicators to ensure they’re making smart money moves.

Video by David Fang Matthew Miskin, Roland’s co-chief investment strategist at John Hancock Investment Management told reporters that there are three primary things that they and other investment pros will be watching in 2020 to guide their decisions: 1. Jobs reports: Traders look to these monthly reports from the U.S. Bureau of Labor Statistics as a sign of how businesses are faring — optimistic employers will likely be hiring employees, for example, while businesses that are hurting would be laying workers off. 2. Earnings reports: Quarterly reports released by public companies outlining performance indicate whether firms are making money and earning investors a return. Good reports may spur further investment while a bad report can cause investors to sell. 3. Consumer sentiment: Consumer opinions influence this indicator of economic health, which is generally measured using the Consumer Confidence Index (CCI) and the Michigan Consumer Sentiment Index (MCSI). When consumers are confident in the economy, they are more likely to spend money (increasing revenues for businesses), whereas when sentiment is low, they’re more likely to save.

It’s hard to see how things get much better. Emily Roland Co-chief investment strategist, John Hancock Investment Management


Company: cnbc, Activity: cnbc, Date: 2019-12-20  Authors: sam becker
Keywords: news, cnbc, companies, markets, experts, investment, stock, things, reports, think, investors, continue, sentiment, roland, 2020, market, rising, consumer, economy, strategist


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Consumer sentiment rises for December despite Trump’s impeachment

Consumer sentiment rose slightly in December as President Donald Trump’s impeachment had a “barely noticeable impact” on economic expectations, the University of Michigan’s Surveys of Consumers said Friday. The index of consumer sentiment reached 99.3 for the month. Current economic conditions also improved among consumers while overall expectations ticked higher in December. He also said the impeachment hearing “had a barely noticeable impact on economic expectations, as it was mentioned by jus


Consumer sentiment rose slightly in December as President Donald Trump’s impeachment had a “barely noticeable impact” on economic expectations, the University of Michigan’s Surveys of Consumers said Friday.
The index of consumer sentiment reached 99.3 for the month.
Current economic conditions also improved among consumers while overall expectations ticked higher in December.
He also said the impeachment hearing “had a barely noticeable impact on economic expectations, as it was mentioned by jus
Consumer sentiment rises for December despite Trump’s impeachment Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-20  Authors: fred imbert
Keywords: news, cnbc, companies, trumps, consumer, noticeable, expectations, sentiment, consumers, surveys, despite, income, impact, rises, economic, impeachment


Consumer sentiment rises for December despite Trump's impeachment

Consumer sentiment rose slightly in December as President Donald Trump’s impeachment had a “barely noticeable impact” on economic expectations, the University of Michigan’s Surveys of Consumers said Friday.

The index of consumer sentiment reached 99.3 for the month. That’s just above a Reuters estimate of 99.2 and surpasses November’s print of 96.8.

Current economic conditions also improved among consumers while overall expectations ticked higher in December.

Richard Curtin, chief economist for the Surveys of Consumers, said most of this month’s uptick in sentiment came from upper income households, “with those in the top third of the income distribution gaining 7.5% from last month.”

He also said the impeachment hearing “had a barely noticeable impact on economic expectations, as it was mentioned by just 2% of all consumers in the December survey.”

Wall Street has also looked past the impeachment proceedings. In fact, the S&P 500 is up more than 7% since House Speaker Nancy Pelosi announced a formal inquiry in September.

Subscribe to CNBC on YouTube.


Company: cnbc, Activity: cnbc, Date: 2019-12-20  Authors: fred imbert
Keywords: news, cnbc, companies, trumps, consumer, noticeable, expectations, sentiment, consumers, surveys, despite, income, impact, rises, economic, impeachment


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European stocks climb as ‘phase one’ trade deal boosts sentiment; Stoxx 600 hits record high

European stocks traded higher Monday after the U.S. and China agreed a ‘phase one’ trade deal, offering some optimism for risk assets. The pan-European Stoxx 600 added 1.1% by mid-morning to surpass 416.6 and hit an all-time high. Banks and financial services stocks climbed 1.4% and 1.5% respectively. Washington and Beijing announced on Friday that an agreement had been reached pending legal procedures, a significant step forward after a bruising 18-month trade war. U.K. flash readings showed th


European stocks traded higher Monday after the U.S. and China agreed a ‘phase one’ trade deal, offering some optimism for risk assets.
The pan-European Stoxx 600 added 1.1% by mid-morning to surpass 416.6 and hit an all-time high.
Banks and financial services stocks climbed 1.4% and 1.5% respectively.
Washington and Beijing announced on Friday that an agreement had been reached pending legal procedures, a significant step forward after a bruising 18-month trade war.
U.K. flash readings showed th
European stocks climb as ‘phase one’ trade deal boosts sentiment; Stoxx 600 hits record high Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-16  Authors: elliot smith
Keywords: news, cnbc, companies, record, european, phase, sectors, forward, service, sentiment, pmi, stoxx, services, deal, hits, high, manufacturing, trade, stocks


European stocks climb as 'phase one' trade deal boosts sentiment; Stoxx 600 hits record high

European stocks traded higher Monday after the U.S. and China agreed a ‘phase one’ trade deal, offering some optimism for risk assets.

The pan-European Stoxx 600 added 1.1% by mid-morning to surpass 416.6 and hit an all-time high. Basic resources led the way with 2.3% gains as all sectors and major bourses entered positive territory. Banks and financial services stocks climbed 1.4% and 1.5% respectively.

Washington and Beijing announced on Friday that an agreement had been reached pending legal procedures, a significant step forward after a bruising 18-month trade war.

However, questions have been raised by market participants over some details of the deal which remain hazy, notably the scale of agricultural purchases and the prospect of China balancing bilateral trade flows.

U.S. Treasury Secretary Steven Mnuchin told CNBC on Saturday that the deal would be signed in early January and that phase two may then be negotiated in stages.

Asian stocks were mixed Monday with mainland Chinese stocks jumping on the back of better-than-expected industrial output data, while indexes in Japan and Hong Kong edged downwards.

Back in Europe, British Prime Minister Boris Johnson will welcome 109 new Conservative lawmakers to parliament on Monday, promising to move forward swiftly with Brexit and to increase funding to the National Health Service (NHS).

In corporate news, Reuters reported Sunday that China’s BAIC plans to double its stake in German automaker Daimler in a bid to win a board seat and challenge rival Geely.

On the data front, IHS Markit euro zone flash composite PMI estimates for December was recorded in line with expectations at 50.6, with service sector outperformance offsetting more disappointing manufacturing numbers.

Manufacturing PMIs came in at 45.9 against a forecast of 47.3, down from 46.9 in November.

U.K. flash readings showed that both the services and manufacturing sectors had declined more sharply than expected in December. Composite PMI came in at 48.5, its lowest level since mid-2016, suggesting the world’s fifth-largest economy is on course to contract in the fourth quarter


Company: cnbc, Activity: cnbc, Date: 2019-12-16  Authors: elliot smith
Keywords: news, cnbc, companies, record, european, phase, sectors, forward, service, sentiment, pmi, stoxx, services, deal, hits, high, manufacturing, trade, stocks


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Homebuilder confidence jumps to highest level in 20 years

A stronger economy and a severe housing shortage have the nation’s homebuilders feeling better than they have in two decades. Builder confidence in the newly built, single-family home market jumped 5 points in December to 76, the highest reading since June 1999, according to the National Association of Home Builders/Wells Fargo Housing Market Index. At the worst of the housing crash, in 2009, builder sentiment hit a low of just 8. Of the index’s three components, current sales conditions rose 7


A stronger economy and a severe housing shortage have the nation’s homebuilders feeling better than they have in two decades.
Builder confidence in the newly built, single-family home market jumped 5 points in December to 76, the highest reading since June 1999, according to the National Association of Home Builders/Wells Fargo Housing Market Index.
At the worst of the housing crash, in 2009, builder sentiment hit a low of just 8.
Of the index’s three components, current sales conditions rose 7
Homebuilder confidence jumps to highest level in 20 years Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-16  Authors: diana olick, in dianaolick, fred imbert
Keywords: news, cnbc, companies, housing, highest, sentiment, confidence, low, rose, points, market, increased, sales, homebuilder, seeing, point, level, jumps


Homebuilder confidence jumps to highest level in 20 years

A stronger economy and a severe housing shortage have the nation’s homebuilders feeling better than they have in two decades.

Builder confidence in the newly built, single-family home market jumped 5 points in December to 76, the highest reading since June 1999, according to the National Association of Home Builders/Wells Fargo Housing Market Index. Anything above 50 is considered positive.

November’s reading was also revised higher by 1 point. The index stood at 56 last December. At the worst of the housing crash, in 2009, builder sentiment hit a low of just 8.

“Builders are continuing to see the housing rebound that began in the spring, supported by a low supply of existing homes, low mortgage rates and a strong labor market,” said NAHB Chairman Greg Ugalde, a homebuilder and developer from Torrington, Conn.

Builders’ confidence is clearly based on what they’re seeing in their showrooms. Of the index’s three components, current sales conditions rose 7 points to 84, sales expectations in the next six months rose 1 point to 79 and buyer traffic increased 4 points to 58.

All, however, is not perfect in the homebuilding market. Builders could likely be doing even better if they didn’t face so many headwinds.

“While we are seeing near-term positive market conditions with a 50-year low for the unemployment rate and increased wage growth, we are still underbuilding due to supply-side constraints like labor and land availability,” said NAHB chief economist Robert Dietz. “Higher development costs are hurting affordability and dampening more robust construction growth.”

Regionally, on a three-month moving average, builder sentiment in the Northeast fell 2 points to 61, increased 5 points in the Midwest to 63, gained a point in the South to 76 and increased 3 points in the West to 84.


Company: cnbc, Activity: cnbc, Date: 2019-12-16  Authors: diana olick, in dianaolick, fred imbert
Keywords: news, cnbc, companies, housing, highest, sentiment, confidence, low, rose, points, market, increased, sales, homebuilder, seeing, point, level, jumps


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Market run-up due to improvement in trade sentiment, fundamentals: Wells Fargo’s Jacobsen

Market run-up due to improvement in trade sentiment, fundamentals: Wells Fargo’s JacobsenBrian Jacobsen of Wells Fargo Asset Management and Kevin Caron of Washington Crossing Advisors join “Squawk Alley” to discuss the market’s move higher amid trade optimism.


Market run-up due to improvement in trade sentiment, fundamentals: Wells Fargo’s JacobsenBrian Jacobsen of Wells Fargo Asset Management and Kevin Caron of Washington Crossing Advisors join “Squawk Alley” to discuss the market’s move higher amid trade optimism.
Market run-up due to improvement in trade sentiment, fundamentals: Wells Fargo’s Jacobsen Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-12
Keywords: news, cnbc, companies, sentiment, runup, trade, squawk, markets, fargos, optimism, management, jacobsen, improvement, market, fundamentals, wells, washington


Market run-up due to improvement in trade sentiment, fundamentals: Wells Fargo's Jacobsen

Market run-up due to improvement in trade sentiment, fundamentals: Wells Fargo’s Jacobsen

Brian Jacobsen of Wells Fargo Asset Management and Kevin Caron of Washington Crossing Advisors join “Squawk Alley” to discuss the market’s move higher amid trade optimism.


Company: cnbc, Activity: cnbc, Date: 2019-12-12
Keywords: news, cnbc, companies, sentiment, runup, trade, squawk, markets, fargos, optimism, management, jacobsen, improvement, market, fundamentals, wells, washington


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