Stacie Hartman

The Mortgage Blog of Stacie Hartman

Builder Confidence Up For 1st Time In 5 Months

Builder confidence rose for the first time in five months, a sign that builders are starting to see interest from potential buyers. The National Association of Home Builders/Wells Fargo Housing Market Index for October shows builder confidence rose three points to 16. The index gauges builders’ perception of the market for newly built, single-family homes. A number below 50 indicates negative sentiment about market conditions. David Crowe, NAHB’s chief economist, said the new-homes market is finally moving past the lull that occurred after the expiration of the homebuyer tax credit. More here and here.

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