Jan 2 2018 37430 2

Dated: 01/02/2018

Views: 23

This information is brought to you by

Henry & Laly Sanz

Team H&L Miami at Real Estate Empire

Builder Confidence Spikes at Year-End




Optimism Not Seen Since 1999

Home builder confidence in the new, single-family construction market spiked in the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The Index reading for December was 74, the highest since 1999 and up five points from November. An above-50 reading indicates more builders have a positive outlook than a negative one.

“Housing market conditions are improving partially because of new policies aimed at providing regulatory relief to the business community,” said Granger MacDonald, chairman of the NAHB, in a statement.

Home builders’ expectations regarding present and expected single-family home sales both rose in December, up four points to 81 and three points to 79, in order, while expected homebuyer traffic rose eight points to 58.

“The HMI measure of homebuyer traffic rose eight points, showing that demand for housing is on the rise,” said Robert Dietz, chief economist of the NAHB, in the statement. “With low unemployment rates, favorable demographics and a tight supply of existing-home inventory, we can expect continued upward movement of the single-family construction sector next year.”

Source: National Association of Home Builders (NAHB)

For the latest real estate news and trends, bookmark RISMedia.com.

Blog author image

Team H and L Miami

Team H&L Miami @ Real Estate Empire Group is a fast growing boutique Real Estate firm established in 2001. It began to revolutionize property sales as well as marketing through brokers, agents, and an....

Latest Blog Posts

Jul 22 2018 37430 1

House Hunting Survival TipsPosted byTeam H&L Miami @Real Estate Empireon7/22/2018Searching for a new house that will meet your needs without breaking your budget can sometimes feel overwhelming!

Read More

Jul 21 2018 37430 1

Luxe Must-Have Bathroom Trends You Need Right NowPosted byTeam H&L Miami @Real Estate Empireon7/20/2018The bathroom is a room of sanctuary in the home. It is the one room where, for the most part,

Read More

Jul 15 2018 37430 1

Do You Need An Appraisal Contingency?Posted byTeam H&L Miami @Real Estate Empireon7/15/2018Once you have signed the purchase and sales agreement, the property will be appraised by a licensed

Read More

Jul 13 2018 37430 1

Is It Worthwhile to Invest in Home Improvements? Posted byTeam H&L Miami @Real Estate Empireon7/11/2018For a home seller who wants to maximize his or her house sale earnings, it may be beneficial

Read More