In January, the US housing construction confidence index fell to 37, lower than all estimates.

According to data from the National Association of Home Builders/Wells Fargo, the builder confidence index in January dropped to 37 from 39 the previous month. The surveyed 40 economists predicted a range of 38 to 42, with a median estimate of 40. The current single-family home sales index decreased from 42 to 41. The expected single-family home sales index dropped from 52 to 49. The traffic of potential buyers index decreased from 26 to 23.