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The survey asks respondents to rate market conditions for the sale of new homes at the present time and in the next 6 months as well as the traffic of prospective buyers of new homes. It gauges.
A gauge of confidence among home builders rose in September to the highest level in almost nine years, as builders’ views on present and upcoming sales rose.. Home-builder confidence hits.
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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Home Builder Confidence Hits Five-Month High Mortgage Masters Group U.S. home builders’ confidence jumped for a fourth consecutive month in August, as the housing market’s stabilization has been one of the positive developments in the economy in recent months.
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The nation’s home builders may not be happy with the Republican tax plan, but they are seeing more buyers, and that is boosting confidence.A monthly reading of home builder sentiment rose two.
Builder Confidence at 8-Month High.. Builder confidence in the market for newly built single-family homes rose to its highest level since March and the second highest on record since 2005. The National Association of Home Builders/Wells Fargo Housing Market Index rose by two points to 70 in.
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The current sales gauge for single-family homes cooled to 79 from 80. The first builder-sentiment reading for 2018, albeit a decline from a 18-year high, is consistent with other reports that indicate residential construction will build on recent growth, as a solid job market, relatively low mortgage costs and rising confidence help propel.
Beginning home construction. buoy the recovery. High affordability not only with house prices being very low, but also interest rates being as low as they’ve been in decades, and all that.
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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.