Remodelers Attitudes more Bullish than Home Builders

By Jann Swanson

Posted To: MND NewsWire

The National Association of Home Builders’ (NAHB’) monthly assessment of builder confidence in the new home market showed a slight weakening in January. The Association’s Housing Market Index (HMI) which it sponsors in conjunction with Wells Fargo Bank, was at 57, down one point from December. NAHB pointed out it was the third straight month the Index has “hovered” in the upper 50’s ranger. “After seven months above the key 50 benchmark, builder sentiment is reflecting the gradual improvement that is occurring in many markets throughout the nation,” said NAHB Chairman Kevin Kelly. “January’s HMI reading is in line with our forecast as we head into the new year,” said NAHB Chief Economist David Crowe. “Steady economic growth, rising consumer confidence and a growing labor market will help the…(read more)

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