Investing.com – U.S. builder confidence in the market for newly built, single-family homes remained unchanged in September, industry data showed on Monday.
In a report, the National Association of Home Builders said its housing market index remained at 13 in September, after falling to 13 in August.
Analysts had expected the NAHB housing market index to rise to 14 in September.
A level above 50 indicates a favorable outlook on home sales, below indicates a negative outlook.
Commenting on the report, NAHB chief economist David Crowe said, "The stall in the nation's housing market continues. Builders report that the two leading obstacles to new-home sales right now are consumer reluctance in the face of the poor job market and the large number of foreclosed properties for sale."
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD gaining 0.14% to hit 1.3068.
In a report, the National Association of Home Builders said its housing market index remained at 13 in September, after falling to 13 in August.
Analysts had expected the NAHB housing market index to rise to 14 in September.
A level above 50 indicates a favorable outlook on home sales, below indicates a negative outlook.
Commenting on the report, NAHB chief economist David Crowe said, "The stall in the nation's housing market continues. Builders report that the two leading obstacles to new-home sales right now are consumer reluctance in the face of the poor job market and the large number of foreclosed properties for sale."
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD gaining 0.14% to hit 1.3068.