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Builder Confidence Solid in June Amidst Growing Economic Uncertainty

Builder Confidence Solid in June Amidst Growing economic uncertainty greg Ugalde, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Torrington, Conn., issued the following statement after attending today’s White House event announcing a final rule on health reimbursement arrangements:

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 · Consumer Confidence Falls in June; home sales weak; The economy’s prospects were further dimmed by other data on Tuesday showing sales of new single-family homes unexpectedly fell for a second straight month in May, suggesting lower mortgage rates had yet to provide a boost to the struggling housing market.

Business activity took a sharp turn downward in New York State, according to firms responding to the June 2019 Empire State Manufacturing Survey. The headline general business conditions index.

quite solid economic outcomes through mid-2017. Japan, which has experienced quite a weak recovery from the 2008/9 financial crisis, also grew strongly, while conditions in the Euro-zone have been improving. The UK was the weakest G7 economy in terms of growth for the second consecutive quarter and Brexit concerns appear likely

Global growth has slowed sharply over the past year, amidst heightened policy uncertainty, persistent trade tensions and declines in business and consumer confidence. In the latter half of 2018, world GDP growth declined to around 3% on a quarterly basis ( Figure 1.1 , Panel A), and appears likely to have improved only slightly in the first quarter this year.

Latvia and Slovakia also registered solid growth of 3.0 per cent, 4.7 per cent, 2.7 per cent and 3.7 per cent, respectively in the third quarter.

Global outlook in autumn 2018: growth still robust despite headwinds After a sharp climb to 3.7% in 2017, the strength of global growth is set to last throughout 2018 and 2019 (3.8%), driven by an acceleration of economic activity in the United States and many emerging countries, in spite of a downturn in the other major advanced countries.

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level of homebuilder confidence since June 2005, despite increasing mortgage rates. This current level of builder confidence has positive implications for housing starts a ctivity in the second quarter.

confidence has fallen to the low level registered at the time of sars (figure 4). retail sales data for April and May indicate that consumption growth remained robust. Consumption has been supported as lower inflation buoyed real incomes even though nominal income growth came.

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