National Association of Home Builders monthly sentiment fell 1 point to 80 in July vs 72 in July 2020 - above 50 is considered positive. Of the index’s three components, current sales conditions fell 1 point to 86. Buyer traffic declined 6 points to 65, and sales expectations in the next six months rose 2 points to 81. Separately, 30 year mortgage rate continues to fall - For today, Monday, July 19, 2021, the avg 30-year fixed-mortgage APR is 3.26%, down 53bps over the last 7 days. Lumber futures are down another 6.7% today & down 69.1% from their March 2021 high. $ITB $XHB $XLF $RKT $Z
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