Jobless Claims

Last week’s scheduled economic releases included readings from the National Association of Home Builders and Commerce Department readings on housing starts and building permits issued. Weekly readings on mortgage rates and new jobless claims were also released NAHB Housing Market Index Unchanged in July The National Association of Home Builders Housing Market Index held steady in July despite concerns connected with tariffs on building materials. Analysts said that high demand for homes continued to fuel builder confidence in housing market conditions, but some analysts said that housing market conditions may be at or near peak. Builder confidence in current market…

Last week's economic reports included readings from the National Association of Home Builders, Commerce Department reports on housing starts and building permits issued. Sales of pre-owned homes were reported along with weekly readings on mortgage rates and new jobless claims. Builder Confidence Slips as Trade Wars Boost Lumber Prices According to the National Association of Home Builders, home builder confidence in current market conditions was down two points to 68 as compared to May's index reading of 70. Analysts said that rising lumber prices impacted builder sentiment and have replaced labor costs as builders' primary expense. Increased building costs were…