2020 Confidence In The Housing Market

Dated: 01/15/2020

Views: 29

A builder's business depends on being able to gauge how interested Americans are in buying a house. After all, no one would go through the labor and expense of building a house without feeling confident that they'd be able to find a buyer once it was finished.
  That's why the National Association of Home Builders (NAHB) measures builder confidence each month. If builders are optimistic and building homes, there's a good chance that the overall housing market is also doing well. In December the NAHB's Housing Market Index - which is scored on a scale where any number above 50 indicates that more builders view conditions as good than poor - reached 76. That's the highest reading since June 1999.

Greg Ugalde, NAHB's chairman, said builders are responding to a rebound that began last spring. "Builders are continuing to see the housing rebound that began in the spring, supported by a low supply of existing homes, low mortgage rates, and a strong labor market," Ugalde said. Among index components, the one measuring current traffic saw the biggest month-over-month improvement, rising seven points to 84.
Blog author image

Priscilla Dickerson

Priscilla "Cill the Deal" was educated in Ohio with three degrees from Cuyohoga Community College, Kent State University, and Cleveland State University. She and her husband are the grateful parents o....

Want to Advertise on this Site?

Latest Blog Posts

2020 Confidence In The Housing Market

A builder's business depends on being able to gauge how interested

Read More

Right Down The Road From Nashville Is Clarksville

The secret is out! Clarksville has been voted the best place to live in America!  Now is the  time to have the best of the best by looking at all of what Middle Tennessee has to.

Read More

Meticulously Designed Rooftop Home In Nashville

$649,000    4BR 4.5BA       Call 615-358-8854 Are you looking for a meticulously designed custom house with rooftop located in the most popular neighborhood,

Read More