Homebuilder Optimism Looking Up
The NAHB Builder Confidence Index rose 4 points in April to 56. This was the first rise in five months although the index had never dropped below 50 during this span which is the critical threshold for negative versus positive sentiment. The gap between building permit activity and new home starts also appears to be growing indicating that builders are anticipating higher levels of future construction.
About author
You might also like
Orange County New Homes Hitting New Highs
Orange County has been a hotbed of new home activity over the past few years as demand from affluent families and foreign buyers has resulted in ever-increasing prices combined with
Orange County Homebuilding Soared in 2016
By Jeff Collins Homebuilding and new home sales soared in Orange County last year, driven by job growth, rising demand and an abundant supply of new home projects to choose
Existing Home Sales Jump in March
Sales of existing homes moved up to a greater than expected seasonally adjusted annual rate of 5.19 million, an increase of 6.1% from February. Economists had expected a pace of
