Builder Confidence Continues to Rise

According to a recent survey by the National Association of Home Builders, builder confidence in the market for new single family homes rose two points in August, bringing the index to it’s highest mark since the beginning of 2014. The survey showed increases in each of the three major components: sales expectations over the next six months; confidence in current single family sales; perception of potential buyer traffic.

Analysts cited sustained job growth, continued low interest rates, and (reasonably) affordable home prices as the prime reasons for the sustained confidence.

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