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The current sales gauge for single-family homes cooled to 79 from 80. The first builder-sentiment reading for 2018, albeit a decline from a 18-year high, is consistent with other reports that indicate residential construction will build on recent growth, as a solid job market, relatively low mortgage costs and rising confidence help propel.
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U.S. Home-Builder Confidence Hits Near-Decade High National Association of Home Builders’ index at highest level since November 2005
Builder Confidence Hits 11-Year High In many areas of the country, there are not enough homes for sale to satisfy the number of buyers looking to purchase their dream homes. Experts have long proposed that a ramp-up in new, single-family home construction would be one of the many ways to overcome this inventory shortage.
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Builder confidence in the market for newly-built single-family homes jumped six points to a level of 71, the highest reading since June 2005, on the National Association of Home Builders/Wells.
Not only did last month see the most housing starts all year, but builder confidence is way up. And this trend could continue through 2018. More new home construction could improve the housing.
Builder confidence in the market for newly-built single-family homes took a four-point ascent to a level of 68 in October on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). This was the highest HMI reading since May. Source: Home Builder Confidence Hits Five-Month High
Home Builder Confidence Moves To 6-Year High.. As home prices rise, so does home builder confidence. Tuesday, the National Association of Homebuilders reported its monthly Housing Market Index (HMI) at 41, a one-tick improvement from September and the highest HMI value since June 2006 – a.