Jan
Builder Confidence Index At 54 Month High
Posted To: MND NewsWire
Home builder confidence rose in January for the fourth consecutive month as builders saw more buyer traffic and anticipated higher sales. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) rose four points to 25 in January to reach its highest level since June 2007. Each of the three components of the HMI also increased for the fourth month and the improved confidence was evident across every region of the country. The HMI is the result of a monthly survey of NAHB has conducted for 20 years. The survey asks the Association’s home builder members their perceptions of current single-family home sales and their expectations for such sales over the next six months, each graded on a scale of “good,” “fair,” or “poor.” The survey also asks builders to rate the…(read more)