FYI: As temperatures across the country and homebuilder stocks move higher, homebuilder sentiment saw a nationwide dip in June. According to the NAHB, homebuilder sentiment dipped two points falling from a revised down reading of 69 last month to a level of 67. The June reading was also three points below consensus forecasts for a reading of 70. The chart of homebuilder sentiment these days looks a lot like other indicators as it is off its recent highs, but still right near the top of its range for the cycle.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/homebuilder-sentiment-takes-a-dip-in-the-summer-heat/
