Homebuilder Sentiment Remains Steady

Homebuilder Sentiment Remains Steady

Although the NAHB index of homebuilder sentiment slipped a point in January to 57, it has stayed buoyed at relatively high levels with readings above 50 for the past seven months. Anything above 50 is considered positive sentiment. Notably, on a three-month moving average, builder confidence in the West rose by four points to 66.

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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.

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