Friday, February 23, 2007

Builder Confidence UP

The just released National Association of Home Builders/Wells Fargo Housing Market Index (HMI) indicates that builder confidence is stronger. "The HMI increased from 35 in January to 40 in February, up from a low of 30 last September and the highest level since June of 2006."

Citing sales incentives that have been given to buyers as one reason for the increase, the NAHB's Chief Economist also states "Lower energy prices, favorable mortgage rates and solid growth in employment and household income have all contributed to the recent stabilization of home buyer demand>"

To read more: NAHB Builder Confidence

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