Homebuilder Confidence Index Reaches a 4-Year High

by

Because so much of Orange County, and California’s economy as a whole, relies on the housing market, it is always nice to pass along some good news from that front.  On Wednesday the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) was released with some upbeat news.

Homebuilder confidence rose to 29 from 25 on the HMI in February. It is the fifth consecutive month this measure has risen and it is at its highest level in more than four years.

"Builder confidence has doubled since September as measured by the HMI," said NAHB Chairman Barry Rutenberg, a home builder from Gainesville, Fla. "Given the recent improvements in new home starts and the increasing number of markets included in the NAHB/First American Improving Markets Index, this consistency suggests that the housing market is moving toward more sustainable growth."

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: