US: NAHB housing market index to fall slightly in June - Nomura

Sandeep Kanihama FXStreet Contributor

Analysts at Nomura expect the US NAHB housing market index to fall slightly by 1pp m-o-m to 69 in June.

Key Quotes

“Homebuilders have been optimistic due to strong consumer demand. Despite sustained housing demand for single-family homes, growing concerns over building material costs may have weighed on homebuilder sentiment in June.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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