FYI: The spring selling season is beginning to wind down for the residential housing market, and homebuilder sentiment has started to soften. For the month of June, homebuilder sentiment dropped two points, falling to 68 from May’s reading and the consensus expectation of 70. The overall trend for sentiment is still higher, but since peaking at 74 back in December, homebuilders have been in a little bit of a funk as mortgage yields have trended higher.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/homebuilder-sentiment-softens/
