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WASHINGTON, April 15 (Xinhua) -- U.S. builder confidence for newly-built, single-family homes continued to drop in April, indicating the market had been losing momentum1 since the beginning of this year, a leading industry report said on Monday.
The builder sentiment index went down two points to 42 this month, the lowest level since October 2012, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).
"Many builders are expressing frustration2 over being unable to respond to the rising demand for new homes due to difficulties in obtaining construction credit, overly restrictive mortgage landing rules and construction costs that are increasing at a faster pace than appraised3 values," said NAHB Chairman Rick Judson.
In April, three HMI components5 were mixed. The component4 gauging6 current sales conditions fell two points to 45 and the component measuring traffic of prospective7 buyers declined four points to 30, while the component measuring sales expectations for the next six months rose by three points to 53, the highest level since February of 2007.
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1 momentum | |
n.动力,冲力,势头;动量 | |
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2 frustration | |
n.挫折,失败,失效,落空 | |
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3 appraised | |
v.估价( appraise的过去式和过去分词 );估计;估量;评价 | |
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4 component | |
n.组成部分,成分,元件;adj.组成的,合成的 | |
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5 components | |
(机器、设备等的)构成要素,零件,成分; 成分( component的名词复数 ); [物理化学]组分; [数学]分量; (混合物的)组成部分 | |
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6 gauging | |
n.测量[试],测定,计量v.(用仪器)测量( gauge的现在分词 );估计;计量;划分 | |
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7 prospective | |
adj.预期的,未来的,前瞻性的 | |
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8 rebounded | |
弹回( rebound的过去式和过去分词 ); 反弹; 产生反作用; 未能奏效 | |
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