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Builder Confidence Soars to 5-Year High

by Michael Levy on August 16, 2012

in National, NEWS

Home ConstructionBuilder confidence in the new-home market continued to inch higher this month, reaching its highest level since February 2007, according to the National Association of Home Builders/Wells Fargo Housing Market Index, which measures nationwide builder sentiment about current and future sale conditions and buyer traffic. This marks the fourth consecutive month that builder confidence has been on the rise.

Still, the sector is still in a very “fragile stage” and builders continue “to express frustration regarding the inventory of distressed properties, inaccurate appraisal values, and the difficulty of accessing credit for both building and buying homes,” says NAHB Chief Economist David Crowe.

To read the full article, click here: Realtor Mag

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