2020 Confidence In The Housing Market

2020 Confidence In The Housing Market

A builder's business depends on being able to gauge how interested Americans are in buying a house. After all, no one would go through the labor and expense of building a house without feeling confident that they'd be able to find a buyer once it was finished.
  That's why the National Association of Home Builders (NAHB) measures builder confidence each month. If builders are optimistic and building homes, there's a good chance that the overall housing market is also doing well. In December the NAHB's Housing Market Index - which is scored on a scale where any number above 50 indicates that more builders view conditions as good than poor - reached 76. That's the highest reading since June 1999.

Greg Ugalde, NAHB's chairman, said builders are responding to a rebound that began last spring. "Builders are continuing to see the housing rebound that began in the spring, supported by a low supply of existing homes, low mortgage rates, and a strong labor market," Ugalde said. Among index components, the one measuring current traffic saw the biggest month-over-month improvement, rising seven points to 84.

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Phone: 615-358-8854
Dated: January 15th 2020
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About Priscilla: Priscilla "Cill the Deal" was educated in Ohio with three degrees from Cuyohoga Community College, K...

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