FYI: After a surge to new multi-year highs in March, homebuilder sentiment for April backed off a bit more than expected. While economists were expecting the headline reading in sentiment to fall down one notch from 71 down to 70, the actual decline was three ticks to 68. Looking at the long-term chart, however, it’s hard to get too concerned about this reading at this point as it barely registers as even a blip. Longer term, the trend in sentiment is still positive.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/homebuilder-sentiment-backs-off-from-multi-year-highs/
