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WASHINGTON, May 15 (Xinhua) -- U.S. builder confidence for newly- built, single-family homes fell to the lowest level in a year in May as the recovery of housing market is cooling, a leading industry report said Thursday.
The builder sentiment index in March decreased one point to 45, worse than the average market expectation of 49, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).
It was the fourth consecutive1 month that the reading was below 50, indicating that more builders viewed sales conditions as poor rather than favorable.
"After four months in which the HMI has shown little signs of fluctuation2, it is clear that builder sentiment is becoming more in line with the market reality of a continuing but modest recovery," said the NAHB chairman Kevin Kelly said in a statement.
The component3 gauging4 current sales conditions fell two points to 48 in May, and the component gauging sales expectations in the next six months rose one point to 57, while the component measuring buyer traffic increased two points to 33.
"Builders are waiting for consumers to feel more secure about their financial situation," said NAHB Chief Economist5 David Crowe. "Once job growth becomes more consistent, consumers will return to the market in larger numbers and that will boost builder confidence."
The U.S. housing market has showed signs of slowdown since the second half of last year, as sharp increases in home prices and limited inventories6, as well as higher mortgage rates have discouraged many home buyers.(本文由在线英语听力室整理编辑)
1 consecutive | |
adj.连续的,联贯的,始终一贯的 | |
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2 fluctuation | |
n.(物价的)波动,涨落;周期性变动;脉动 | |
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3 component | |
n.组成部分,成分,元件;adj.组成的,合成的 | |
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4 gauging | |
n.测量[试],测定,计量v.(用仪器)测量( gauge的现在分词 );估计;计量;划分 | |
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5 economist | |
n.经济学家,经济专家,节俭的人 | |
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6 inventories | |
n.总结( inventory的名词复数 );细账;存货清单(或财产目录)的编制 | |
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