US: NAHB housing market index to fall slightly in June - Nomura

Analysts at Nomura expect the US NAHB housing market index to fall slightly by 1pp m-o-m to 69 in June.

Key Quotes

“Homebuilders have been optimistic due to strong consumer demand. Despite sustained housing demand for single-family homes, growing concerns over building material costs may have weighed on homebuilder sentiment in June.”