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Home Builder Confidence Hits Five-Month High » Mortgage Masters Group

NAHB produces in-depth economic analyses of the home building industry based on private and government data. Our economics group surveys builders, home buyers, and renters to gain insight into the issues and trends driving the industry.

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.

The survey asks respondents to rate market conditions for the sale of new homes at the present time and in the next 6 months as well as the traffic of prospective buyers of new homes. It gauges.

NAHB: Home Builder Confidence Highest in 12 years cbc national bank Home Building Tips 0 Comment According to the National Association of Home Builders Housing Market Index for March, builder confidence in market conditions reached its highest level in 12 years and was six points higher than February’s index reading of 65.

In 2018’s first quarter, 27.2 percent of new homes had price cuts. builders typically cut selling prices as a last resort, preferring to lure customers in slow times with concessions on everything.

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The nation’s home builders may not be happy with the Republican tax plan, but they are seeing more buyers, and that is boosting confidence.A monthly reading of home builder sentiment rose two.

Builder confidence in the market for newly-built single-family homes rose two points to a level of 70 in November on the NAHB/Wells Fargo Housing Market Index (HMI). This was the highest report since March, and the second highest on record since July 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.

Builder Confidence Down From 18-Year High, Still Strong. Jan 17 2018, 10:33AM The National Association of Home Builders (NAHB)/Wells Fargo. which hit an 18-year high in December, backed off a.