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

Builder sentiment for current market conditions gained five points for a reading of 75. The index reading for builder perception of market conditions in the next six months also rose five points to an October reading of 78. Builder sentiment for home buyer traffic in new home developments rose one point to 48.

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The survey asks respondents to rate market conditions for the sale of new homes at the present time and in the next 6 months as well as the traffic of prospective buyers of new homes. It gauges.

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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.

NAHB: Home Builder Confidence Highest in 12 Years CBC National Bank Home Building Tips 0 Comment According to the National Association of Home Builders Housing Market Index for March, builder confidence in market conditions reached its highest level in 12 years and was six points higher than February’s index reading of 65.

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Confidence among U.S. homebuilders held in July at the highest level since November 2005, indicating the residential real estate market may be picking up speed. A reading of 60 in the National.

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Builder confidence in the market for newly constructed single-family homes continued its steady rise in September with a one point increase to a level of 62 on the National Association of Home.

Homebuilder sentiment hits 18-year high, beating forecasts. Homebuilder sentiment hits 18-year high, beating forecasts Published. December 18 2017, 10:50am EST;. according to data Monday from the National Association of Home Builders/Wells Fargo.

The median price of an Orange County home – or price at the midpoint of all sales – hit $675,000. $1,000 below the 2007 high of $734,000. “Job and stock market growth, coupled with low mortgage.

Banks are shying away from making loans to builders to build spec homes. Pride of Austin says BRING THEM ON! prideofaustin.com Houston is a hot market for spec home construction. Like most of Texas, Houston is experiencing a high demand for residential new construction properties on