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

Economist Warns That Buyers Face Increasing Troubles

From a broad view, the U.S. housing market looks very healthy. Demand is high, employment and wages are growing, and mortgage rates are low.

Housing Market

Jobs, Good Jobs, and Home Buying

By John McManus Tech pioneer Kodak, headquartered in the upstate New York city of Rochester, employed 145,000 workers in 1988, to manufacture, distribute, and market its film and cameras. Today,

Housing Market

Housing Market in Period of Normalcy

After over a decade of wild volatility in the housing market, conditions seems to be settling into a period of normalcy characterized by stability and slow growth. National home prices