Home builder confidence can’t shake its range, according to the National Association of Home Builders. The group’s monthly Housing Market Index put May’s builder confidence reading at a level of 16.
As Buyer Traffic Grows, Homebuilder Confidence Slips
According to the National Association of Homebuilders, the Housing Market Index slipped one point to 16 in April. It’s the 5th time in 6 months that the index read 16 — a figure exactly in line with the 1-year average, but still considered “poor”.
Homebuilders Expect More Sales Volume This Year
According to the monthly Housing Market Index as published by the National Association of Homebuilders, after 4 straight months of reading 16, March homebuilder confidence ticked 1 point higher to 17. It’s the highest confidence reading in 10 months.
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Home Builders Report Higher Sales Levels In January
Homebuilder confidence in the market for newly-built, single family homes appears stable as the spring buying season gets underway.