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. All three HMI components posted gains.
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Builder sentiment for current market conditions gained five points for a reading of 75. The index reading for builder perception of market conditions in the next six months also rose five points to an October reading of 78. Builder sentiment for home buyer traffic in new home developments rose one point to 48.
The gains are rippling through the economy as improving property values help restore consumer confidence and benefit builders such as Ryland Group Inc. and home. of present single-family home sales.
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The index tracks the number of construction permits issued for home improvements. Retail Federation. Confidence among U.S. consumers is at a three-year high, the Conference Board, a New York-based.
Home-Builder Confidence Hits Five-Year High.. the trade group’s chairman and a home builder from Gainesville, Fla.. That Superlow Mortgage Rate? It Could Be Even Lower
A gauge of confidence among home builders rose in September to the highest level in almost nine years, as builders’ views on present and upcoming sales rose.. Home-builder confidence hits. View the latest builder confidence numbers from the nahb.. national association of Home Builders. Blechman Financial Group, Inc. dba NSB Mortgage.
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