NAHB: Builder confidence ends four months of consecutive increase

NAHB: Builder confidence ends four months of consecutive increase

This graph shows the builder confidence index from the National Association of Home Builders (NAHB). The housing market index (HMI) increased to 16 in May from 14 in April from. The record low was 8 set in January. The increase in April and May followed five consecutive months at either 8 or 9.

It described the two-point rise Monday as one on rebound for the third consecutive month.. ""While builder confidence remains low, the consistent gains registered over the past several months are.

Login or register now to gain instant access to the rest of this premium content! Following four consecutive months of improvement, builder confidence in the market for newly built, single-family.

The renewed sense of confidence isn’t purely a result of the new year – in fact builder confidence has increased for four consecutive months. Still, confidence is relatively low as the 4-point.

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Builder confidence in the 55+ housing market for single-family homes showed continued improvement in the fourth quarter of 2012 compared to the same period a year ago, according to the National Association of Home Builders’ (NAHB) latest 55+ Housing Market Index (HMI) released Feb. 7.

The improvement supports the National Association of Home Builders (NAHB. which saw builder confidence in the market for newly-built single-family homes hold steady for the sixth consecutive month.

That’s up from a revised reading of 68 in April and snaps a four-month slide in builder. rate increase before year’s end. Despite the overall increase in confidence this month, builders are facing.

“The May numbers are a bit surprising given lower mortgage interest rates and solid builder confidence. end of the month there were about 333,000 new homes available for sale – about 6.4-month.

Builder confidence in the market for newly-built single-family homes edged down one point to a level of 70 in March from a downwardly revised February reading on the National Association of Home Builders/Wells fargo housing market index (HMI). This is the fourth consecutive month at or above a level.

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