Potential home buyers are in the “cautiously optimistic” mode right now, and that’s actually good news for builders of homes and pools because the fates of both are intertwined. True, consumers surveyed by the Conference Board in July 2016 said they plan to buy homes within the next six months – and that’s down one percentage point compared with July 2015.
But Andrew Hunter puts it into perspective.
“The marginal decline in the Conference Board measure of consumer confidence in July left the index still at a high level by historical standards,” the assistant economist at Capital Economics, a London-based economic research firm, told HousingWire. “[It provides] further evidence that, after what could turn out to be the biggest quarterly gain in a decade in the second quarter, consumption growth will continue at a decent pace in the third quarter.”
For a closer look at the latest consumer confidence numbers, check out Builder magazine’s report. (PSN and Builder are owned by Hanley Wood, LLC.)