Home Builder Confidence is Rising!
The National Association of Home Builder Confidence Index rose to its 2015 high of 56 points last week, reflecting strong spring sales after a modest winter. Any number above 50 is considered to be good conditions.
The index takes considers builder perceptions of single family home sales, sales expectations for the upcoming six months, and prospective buyer traffic. While buyer traffic is considered to be below average for this time of year with an index score of 41, home builder sentiment for sales in the next six months is strong at 64.
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