Homebuilder Confidence Up

Homebuilder Confidence Up

The NAHB Homebuilder Confidence Index moved up to 58 in November from 54 in October which marks the second-highest figure since the peak of the market in 2005. Builders nationally seemingly are feeling optimistic about the continued low interest rate environment and improving economic conditions. Any reading of the index above 50 generally connotes positive market sentiment.

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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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Homebuilder Confidence Strong

The National Association of Homebuilders reported, on Wednesday, September 18th, that its builder confidence index was at a nine-year high of 59. From the perspective of the builders, it appears