Home Builder Confidence Jumps By Widest Margin Since 2002

U.S. housing markets are gaining as demand for homes exceeds available supplies in many areas. The National Association of Home Builders/ Wells Fargo Housing Market Index (HMI) for June increased by eight points over May’s reading to achieve a positive reading of 52. This last happened in August-September of 2002, when HMI monthly readings also jumped by eight points.

Home Builder Future Sales Confidence Rises To New Highs

Home builders are gaining confidence in current and future market conditions for new homes, but continue to see below-average foot traffic in new homes.

%d bloggers like this: