Residential Construction News, Trends and Strategies for Success

Homebuilder Confidence Jumps to Highest Level in 20 Years - From CNBC

Homebuilder Confidence Jumps to Highest Level in 20 Years - From CNBC

A stronger economy and a severe housing shortage have the nation’s homebuilders feeling better than they have in two decades.

Builder confidence in the newly built, single-family home market jumped 5 points in December to 76, the highest reading since June 1999, according to the National Association of Home Builders/Wells Fargo Housing Market Index. Anything above 50 is considered positive.

November’s reading was also revised higher by 1 point. The index stood at 56 last December. At the worst of the housing crash, in 2009, builder sentiment hit a low of just 8.

“Builders are continuing to see the housing rebound that began in the spring, supported by a low supply of existing homes, low mortgage rates and a strong labor market,” said NAHB Chairman Greg Ugalde, a homebuilder and developer from Torrington, Conn.

Continued: CNBC.com

 

Related

Share

Post a Comment

 

Would You Like More Information or Assistance?

 

Frequently Asked Questions

Here you'll find more information regarding the format of the course, training access, completing your designations and more.

Go to FAQ's

Let Us Help

We take pride in delivering great customer support. Contact us with any questions you may have to make the most of your training.

Contact Us

Call or Text

I you'd like assistance in comparing courses, choosing your training package, or accessing your training, feel free to call or text.

949-514-5272