Builder confidence survey
According to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), a monthly survey done for approximately twenty years by the National Association of Home Builders (NAHB), "A drop in mortgage rates and a rise in consumer confidence helped to stabilize the confidence and market expectations of single-family home builders...The index held steady at 57 for the second month in a row following a six-month slide from peak levels in mid-2005. The January level, comfortably above the midpoint, indicates that the majority of builders still see conditions as positive in their markets."
Regionally, "Builder confidence was down across three regions of the country", with drops in the West, South and Northeast.
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