Homebuilder confidence experiences largest one-month gain in a decade

Homebuilder confidence reaches a five-year high. updated jul 17, 2012; Posted Jul 17, 2012. By The Associated Press.. marking the largest one-month gain in nearly a decade. It has declined only.

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After months of improvement in builder confidence levels, home builder sentiment is unchanged in March on a national level, but regionally, one area experienced a dramatic swing last month.

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Builder confidence in the market for newly built, single-family homes rose six points to 35 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for July. This is the largest one-month gain recorded by the index in nearly a decade, and brings the HMI to its highest point since March of 2007.

Meanwhile, builder confidence. and a home builder and developer from Charlotte, N.C., in a release. "With the low inventory of existing homes, an increasing number of buyers are gravitating toward.

WASHINGTON (Reuters) – New U.S. single-family home sales recorded their biggest gain. nearly a decade. housing shares rally The PHLX housing index <.HGX> hit a one-month high on the new home sales.

Retailers are doing their best to stay optimistic, hoping for a rebound in spending in the all-important December quarter after retail sales fell 0.6 per cent in August and 0.2 per cent in July – the.

The index, which is based on responses from 318 builders, rose from a reading of 29 last month, marking the largest one-month gain in nearly a decade. It has declined only once between January and.

Currently, Home Depot has operations in Canada, Mexico, where the company is the largest home retailer. Consequently, the 30-Year Mortgage Rates are at near historic lows; homebuilder confidence is.

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Builder confidence rose six points to a rating of 35 on the NAHB’s Housing Market Index for July, bringing the index to its highest overall point since March 2007.. Home builder confidence sees.