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

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U.S. Home-Builder Confidence Hits Near-Decade High National Association of Home Builders’ index at highest level since November 2005

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Housing Market Index eased by 1 point to a five-month low of 69 (est. are raising the cost of home construction at the same time mortgage rates near a four-year high hamper affordability. Higher.

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Rising home prices and mortgage rates can’t keep homebuyers down. According to a new survey, confidence in the U.S. housing market is at record highs-particularly across the South and West.

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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.

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.

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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 in the market for newly-built single-family homes took a four-point ascent to a level of 68 in October on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). This was the highest HMI reading since May. Source: Home Builder Confidence Hits Five-Month High

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Work on multifamily homes, such as apartment buildings, rose 12 percent to an annual rate of 244,000, a five-month high. index of builder confidence climbed in August to the highest level in more.

Confidence among U.S. homebuilders was little changed in April, indicating the housing market lacked momentum as the spring selling season got under way. The National Association of Home Builders.