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
Strong Finish to the Year?
With a shift from a seller’s market to a buyer’s market, Redfin sees a potential pick-up in sales volume to finish out the year. Here’s why. Read more
New Home Sales and Prices Rise in April
New home sales rose more than expected in April to a seasonally adjusted annual rate of 517,000 units, a 6.8% improvement over the March number of 484,000 units and above
California Housing Crunch Prompts Push to Allow Building
By Chris Kirkham Marco Gonzalez spent more than a decade suing real-estate developers in California over housing proposals that would have spoiled wetlands and gutted hillsides. The environmental lawyer won