Home Builder Confidence Reaches Highest Level in a Decade
The results of a recent housing market index suggest home builders’ confidence in the market for newly constructed single-family homes is rising.
The housing market index released by the National Association of Home Builders (NAHB) shows that builder confidence in the home market for newly constructed single-family homes rose a point to 62, the highest level since November 2005. A reading over 50 means most builders generally see conditions as positive.
According to the NAHB, these findings indicate that the housing market will continue to move forward at a steady, modest rate throughout the end of the year.
For the full results of the index, visit the website of the NAHB.
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