Builder Confidence is Good, But it Could be Better

Posted To: MND NewsWire

The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) moved one point higher this month. However, at 66, NAHB’s measure of builder confidence in the new home market stayed within the 64 to 66 range where it has been now for four months. “While 30-year mortgage rates have dropped from 4.1 percent down to 3.6 percent during the past four months, we have not seen an equivalent higher pace of building activity because the rate declines occurred due to economic uncertainty stemming largely from growing trade concerns,” said NAHB Chief Economist Robert Dietz. “Although affordability headwinds remain a challenge, demand is good and growing at lower price points and for smaller homes.” The HMI is derived from a survey of its new home builder members that NAHB has conducted…(read more)

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Builder Confidence is Good, But it Could be Better
Builder Confidence is Good, But it Could be Better

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