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Housing Market Confidence Grows 4 Points

December 18, 2013

According to the National Association of Home Builders/Wells Fargo Housing Market Index, construction demand has increased the housing market confidence level to 58 this month. The market measures conditions, sales expectations, current sales, and prospective buyer traffic. Buyer confidence continues to grow even as interest rates increase. Rick Judson, NAHB Chairman said, “This is definitely an encouraging sign, the HMI is up 11 points since December of 2012 and has been above 50 for the past seven months. This indicates that an increasing number of builders have a positive view on where the industry is going.” More here

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