Home Builder Confidence Hits Five-Month High » Mortgage Masters Group

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Builder Confidence at 8-month high.. builder confidence in the market for newly built single-family homes rose to its highest level since March and the second highest on record since 2005. The National Association of Home Builders/Wells Fargo Housing Market Index rose by two points to 70 in.

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The current sales gauge for single-family homes cooled to 79 from 80. The first builder-sentiment reading for 2018, albeit a decline from a 18-year high, is consistent with other reports that indicate residential construction will build on recent growth, as a solid job market, relatively low mortgage costs and rising confidence help propel.

Strip out a home. restore confidence in the housing market, improve opportunities to save and get people back to work." In the Chicago area, poorer communities often are hit first by a weakening.

Builder Confidence Nears Post Crash High Nov 16 2017, 10:23AM Builder confidence increased for the second consecutive month after taking a hit in September from the late summer hurricanes.

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News from Jim Wanzeck, Travis Wanzeck, Tyler Wanzeck – RE/MAX Masters Millennium.. with More Homes for Sale in Metro Denver than any Month in the Past Five Years. Mortgage interest have quietly hit one-year lows, but consumers are not.. U.S. Home Builder Confidence Rises to Highest Level in Nine Months.

The ISM-adjusted Philly Fed similarly slipped to 54.5 from a five-month high of 55.8 in March and. helped by lower mortgage rates, moderating prices and an influx of millennials entering prime home.

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U.S. home builders’ confidence jumped for a fourth consecutive month in August, as the housing market’s stabilization has been one of the positive developments in the economy in recent months.

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