Homebuilder Optimism Looking Up

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.

Read More

Previous Harridge Picks-Up Northridge Site
Next More Mixed Signals

About author

Michael Anderson
Michael Anderson 249 posts

Over the course of his 30-year career, Michael Anderson has worked in the residential development industry in the Pacific Northwest, Northern California and Southern California. He has acquired residential land in excess of $300M for both land development and homebuilding entities and has overseen the construction of approximately 2500 homes. Currently, in semi-retirement, and based out of Newport Beach, CA, Michael continues to invest in and stay abreast of the land markets.

View all posts by this author →

You might also like

Housing Market

Why Falling Home Prices Could Be a Good Thing

By Conor Dougherty – Suppose there were a way to pump up the economy, reduce inequality and put an end to destructive housing bubbles like the one that contributed to

Housing Market

Measure S: 8 Things To Know About LA’s Anti-Development Ballot Measure

By Jenna Chandler The fight over tall buildings, neighborhood character, and how to add much-needed density to Los Angeles is playing out as a clash between homeowners and real estate