The National Association of Homebuilders will release its monthly member survey at 10 a.m. ET.
Economists estimate that the Housing Market Index slipped by two points to 63, according to Bloomberg.
In September, the index matched the highest level in a decade. And so, a pullback this month would show that builders are still feeling quite confident in market conditions.
They’ve been positive on the housing market amid low mortgage rates and a steady jobs market. However, concerns about labor shortages, rising worker wages, and land availability remain.
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