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U.S. builder confidence continues to improve in December

Posted on 19 December 2012

According to National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today, builder confidence in the market for newly built, single-family homes rose for an eighth consecutive month in December to a level of 47. This marked a two-point gain from a slightly revised November reading, and the highest level the index has attained since April of 2006.
“Builders across the country are reporting some of the best sales conditions they’ve seen in more than five years, with more serious buyers coming forward and a shrinking number of vacant and foreclosed properties on the market,” observed NAHB Chairman Barry Rutenberg, a home builder from Gainesville, Fla………………………………………..Full Article: Source


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