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Housing Market: US: Difference between revisions
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[[File:Screenshot 2023- | [[File:Screenshot 2023-11-16 105109.png|alt=|center|thumb|627x627px|https://tradingeconomics.com/united-states/nahb-housing-market-index]] | ||
=== November 2023 === | |||
Builder confidence in the market for newly built single-family homes in November fell six points to 34 in November. This is the fourth consecutive monthly drop in builder confidence, as sentiment levels have declined 22 points since July and are at their lowest level since December 2022.<ref>https://www.nahb.org/news-and-economics/press-releases/2023/11/builder-sentiment-down-again-but-better-building-conditions-are-in-view</ref> | |||
* In November, 36% of builders reported cutting home prices, up from 32% in the previous two months. This is the highest share of builders cutting prices during this cycle, tying the previous high point set in November 2022. | |||
* The average price reduction in November remained at 6%, unchanged from the previous month. Meanwhile, 60% of builders provided sales incentives of all forms in November, down slightly from 62% in October. | |||
{| class="wikitable" | |||
! colspan="14" |NATIONAL | |||
|- | |||
! rowspan="3" |(Seasonally Adjusted) | |||
! colspan="2" |2022 | |||
! colspan="11" |2023 | |||
|- | |||
!Nov. | |||
!Dec. | |||
!Jan. | |||
!Feb. | |||
!Mar. | |||
!Apr. | |||
!May | |||
!Jun | |||
!Jul | |||
!Aug | |||
!Sep. | |||
!Oct. | |||
!Nov. | |||
|- | |||
! colspan="11" | | |||
!Revised | |||
!Prelim. | |||
|- | |||
|Housing Market Index | |||
|33 | |||
|31 | |||
|35 | |||
|42 | |||
|44 | |||
|45 | |||
|50 | |||
|55 | |||
|56 | |||
|50 | |||
|44 | |||
|40 | |||
|34 | |||
|- | |||
! colspan="14" |Housing Market Index Components | |||
|- | |||
|Single Family Sales: Present | |||
|39 | |||
|36 | |||
|40 | |||
|47 | |||
|49 | |||
|51 | |||
|56 | |||
|61 | |||
|62 | |||
|57 | |||
|50 | |||
|46 | |||
|40 | |||
|- | |||
|Single Family Sales: Next 6 Months | |||
|31 | |||
|35 | |||
|37 | |||
|48 | |||
|47 | |||
|50 | |||
|56 | |||
|62 | |||
|59 | |||
|55 | |||
|49 | |||
|44 | |||
|39 | |||
|- | |||
|Traffic of Prospective Buyers | |||
|20 | |||
|20 | |||
|23 | |||
|28 | |||
|31 | |||
|31 | |||
|33 | |||
|37 | |||
|40 | |||
|35 | |||
|30 | |||
|26 | |||
|21 | |||
|} | |||
=== August 2023 === | === August 2023 === | ||