Home builders report optimism, but nonresidential markets stay soft

Builder expectations for future home sales are optimistic as shown in the NAHB’s latest Housing Market Index. The index, based on a monthly survey of home builders, rose 62 in June from 57 in May. Any reading over 50 indicates that more builders rate sales conditions as good than poor.

The latest survey conducted by the 12 Federal Reserve Banks indicates that business conditions remain generally soft. Although reports indicate some signs of increased economic activity in April and May, conditions remained sluggish in most districts.

Economic activity increased or showed signs of improving in the Dallas, Kansas City, New York, and Minneapolis districts. The Philadelphia and Cleveland reports characterized activity as mixed, while other districts generally saw slow, subpar, or subdued economic growth.


Want to use this article? Click here for options!





Acceptable Use Policy
blog comments powered by Disqus

what's wrong here?

What's Wrong Here?

May 10, 2012 12:44 PM

What's Wrong Here?

Apr 19, 2012 10:09 AM

What's Wrong Here?

Apr 5, 2012 2:27 PM

View all What's Wrong Here?

product spotlight

EV charger tester

May 25, 2012 8:26 AM

EV charger tester

The Electrician is portable tester that verifies critical power and safety requirements of electric vehicle (EV) chargers...

View all 2012 Product Spotlights

Free Product Info

Our Product Information site is the ultimate online resource for products and services offered by Advertisers featured in our Magazine. This service is provided as a quick and easy way to request Product Information online. Get FREE product information now.

Recent Comments

More...


Social Media

More ways to stay informed...

follow us on twitter

Find us on Facebook

EC&M Whitepaper

Arc Mitigation –A Three-Step Approach

Did you know that an arc-flash incident hospitalizes 5-7 workers per day in North America, severely impacting processes and profitability with lost production? Download This Sponsored Whitepaper Today!

What's New in Residential Cabling?
Date: Wednesday, May 30, 2012
Time: 2:00pm ET


In this The Home Depot sponsored Low Voltage Webinar, Ron Kipper RCDD / NTS will discuss the need for compression style coaxial connectors and the migration of the entire CATV, Satellite and Audio / Video industry to them. Register Today!

Grounding Versus Bonding
Now Available On-Demand


In this 60-minute FREE webinar, Mike Holt of Mike Holt Enterprises, Inc. will explain the purpose of grounding and bonding as related to the most current requirements set forth in the 2011 NEC. Register to View On-Demand!

resources

product info icon

product info

tradeshow icon

tradeshow

research icon

research

industry links

industry links

rss icon

rss

Browse Back Issues

Browse Back Issues