Business Journal
According to the Housing Market Index,
based on a survey of National Association of
Home Builders‘ members, builder confidence in the market for
newly constructed single-family homes jumped three points in
Octoberto 64 continuing a five-month trend of strong sales.
This level of confidence has not been seen in 10 years sincethe
end of the housing boom in late 2005.
“This upward momentum shows that our industry is strengthening
at a gradual but consistent pace, said NAHB Chief Economist David
Crowe. With firm job creation, economic growth and the release of
pent-up demand, we expect housing to keep moving forward as we
start to close out 2015.
The fact that builder confidence has held in the 60s since June
is proof that the single-family housing market is making lasting
gains as more serious buyers come forward, said NAHB Chairman Tom
Woods.
Confidence rose in three of four regions, with builders in the
West signaling the best improvement in sentiment as confidence rose
to 76 from 65. In the Midwest, confidence weakened to 59 from
61.
Source: Boston Business
Journal