Builder Confidence at Highest Level This Year

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“Builders are reporting more serious and committed buyers at their job sites”

(Jeff Sorg, OnlineEd) –  The National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released June 15, 2015, shows that builder confidence in the market for newly built, single-family homes in June rose five points to a level of 59 on the HMI. This is the highest level since September 2014.

“Builders are reporting more serious and committed buyers at their job sites and this is reflected in recent government data showing that new-home sales and single-family construction are gaining momentum,” said NAHB Chairman Tom Woods.

“The HMI indices measuring current and future sales expectations are at their highest levels since the last quarter of 2005, indicating a growing optimism among builders that housing will continue to strengthen in the months ahead,” said NAHB Chief Economist David Crowe. “At the same time, builders remain sensitive to consumers’ ability to buy a new home.”

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  This article was published on June 16, 2015. All information contained in this posting is deemed correct and current as of this date, but is not guaranteed by the author and may have been obtained by third-party sources. Due to the fluid nature of the subject matter, regulations, requirements and laws, prices and all other information may or may not be correct in the future and should be verified if cited, shared or otherwise republished.