Homebuilder Confidence Index Exceeds 50

Homebuilder confidence has increased to 52 this month, the highest level seen in seven years according to the National Association of Home Builders. When the index average is above 50, it is an indication that homebuilders view sales conditions to be good. New employment and low mortgage rates have also influenced an increasing number of people to invest in new homes or to build. NAHB’s chief economist, David Crowe said, “builders are experiencing some relief in the headwinds that are holding back a more robust recovery.” More here

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