Builder Confidence at a 9-Year High

The the National Association of Home Builders/Wells Fargo Housing Market Index reports that builder confidence in the new-home market rose to it’s mark int he last last nine years. September sas the fourth consecutive month that this builder confidence has risen.
NAHB Chairman Kevin Kelly was quoted as saying, “Since early summer, builders in many markets across the nation have been reporting that buyer interest and traffic have picked up, which is a positive sign that the housing market is moving in the right direction.”

This confidence measures builders’ perceptions of single-family home sales and sales expectations of the next six months as well as buyer traffic.

Leave a Comment