NAHB: Builder confidence ends four months of consecutive increase

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"Builder confidence levels moved up in tandem with growing consumer confidence and falling interest rates," NAHB Chief Economist Robert Dietz stated in a press release. "The five-point jump on the six-month sales expectation for the HMI is due to mortgage interest rates dropping from about 5 percent in November to 4.4 percent [during the.

Builder confidence in the market for newly built single-family homes reversed course and dropped after four consecutive months of increases, falling five points to a level of 54 on the National.

Builder confidence in the single-family 55+ housing market remained strong in the fourth quarter of 2015 with a reading of 61, up one point from the previous quarter, according to the NAHB 55+ Housing Market Index (HMI), released today. This is the seventh consecutive quarter with a reading above 50.

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Home builder confidence recovered this month, rising to the second highest level in nine years. The National Association of Home Builders/Wells Fargo builder sentiment gauge increased to 58 in November, up October’s three-month low of 54, according to data released today.

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Total housing inventory of available existing homes declined 4% to the lowest level since September 2005. November Housing Starts declined 3%, but Building Permits increased 4% to the highest level since July 2008. The December NAHB home builder confidence index rose for the eighth consecutive month to the highest level since April 2006.

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Four month upturn ends as Builder Confidence falls in October After four consecutive monthly gains, builder confidence in the market for newly built. single-family homes fell five points to a.

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The nahb housing market index measures home builder confidence based on builder opinions of current market conditions, future market conditions and buyer foot traffic in new homes. Home Builder Confidence Stable for Seven Consecutive Months. January’s index reading of 57 was one point below December’s reading of 58.

Four-month upturn ends as builder confidence falls in October. After four consecutive monthly gains, builder confidence in the market for newly built single-family homes fell five points to a level of 54 on the Housing Market Index. By National Association of Home Builders | October 16, 2014.