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Homebuilder Confidence at its Lowest Level Since 2014


Uh oh? The National Association of Home Builders’ monthly confidence dropped eight points to 60 in November. So, what does that mean?

NAHB, the building industry’s Washington lobby, noted in a press release that the reading of 60 is still “positive,” but that “customers are taking a pause.” However, the overall reading is the lowest since mid-2016.

Any reading over 50 signals improvement.

A drop like this may be the proverbial canary in a coalmine as another recession seems to be on the horizon.

Adding some fuel to the fire: Moody’s Investors Service recently downgraded its outlook on the U.S. building materials industry, saying that “private residential construction growth is decelerating.”

Read on at:

https://www.marketwatch.com/story/home-builder-confidence-tumbles-the-most-since-2014-as-housing-headwinds-catch-up-2018-11-19

Consider investing in a professionally managed portfolio of single-family homes? Please contact Harold Willig at harold.willig@springviewinvestments.com or 917-209-4452.

Harold Willig is the Manager of SpringView Investment Management, LLC, which he founded in 2012. Mr. Willig also served as HFZ Capital Group’s Chief Financial Officer and was responsible for the oversight of HFZ's Finance and Accounting team. He has over 16 years of finance and accounting experience.

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