The Real Deal Miami

Builder confidence rises in February

February 16, 2010 04:53PM

Builder confidence for newly-built, single-family homes rose in February to its highest level since November 2009, according to the National Association of Home Builders/Wells Fargo Housing Market Index, released today. The index gained two points to 17. The first-time homebuyer tax credit, lower priced homes and low interest rates have contributed to the improved sentiment. “Continued low interest rates, very attractive home prices that appear to have stabilized in many markets, and the availability of the home buyer tax credit make this an opportune time for potential purchasers,” said NAHB Chairman Bob Jones. “As a result, builders are slightly more optimistic that the housing recovery is finally beginning to take root.” TRD