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Home builder confidence, starts at promising levels
After soft economic and housing reports for February and March, recent data suggest a return to the trend of housing market improvement; a fitting theme for May, National Home Remodeling month. Leading the flow of positive news was the NAHB/Wells Fargo Housing Market Index (HMI), a measure of single-family home builder confidence. At a reading of 29, the HMI was up five points from the April level. This marks the highest reporting of the HMI in five years, even accounting for the period...
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- Home builder confidence, starts at promising levels
News • May 24th, 2012
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