Builders Confidence Level Rising

"Builders in many markets are reporting that buyer traffic and sales have picked back up after a pause this April," says Barry Rutenberg, NAHB chairman. "It seems we have resumed the gradual upward trend in confidence that started at the beginning of this year, as stabilizing prices and excellent affordability encourage more people to pursue a new-home purchase."

Builder confidence is at its highest since May of 2007 having risen five points this month. The measurement tracks sales conditions, expectations, and buyer traffic. Still, the market is a long way from normalizing. Major challenges still include: consumer credit, inaccurate appraisals, and rising material costs.

Source: National Association of Home Builders

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Comment balloon 2 commentsJenifer Lower • May 17 2012 01:35PM


Finally some positive news a little positive is always better than any negative. Thanks for sharing the positive.

Posted by Pat Champion, Call the "CHAMPION" for all your real estate needs (Coldwell Banker Camelot Realty) over 5 years ago

It is so good to see Builders Confidence getting stronger. Our sales have picked up so muh since the first of the year. I think the Builders need to start building. We are going to be needing new homes for our market.


Posted by Team Honeycutt (Allen Tate) over 5 years ago