Builder confidence increases for first time in five months

TRD MIAMI /
Oct.October 18, 2010 06:00 PM

Builder confidence in the market for newly built, single-family homes rose 3 points this month, the first improvement in five months, according to the National Association of Home Builders/Wells Fargo Housing Market Index, released today. “Builders are starting to see some flickers of interest among potential buyers, and are hopeful that this interest will translate to more sales in the coming months,” said NAHB Chairman Bob Jones. “However, because most builders still have no access to credit for building homes, there is a real concern that we will not be able to meet the pent-up demand when consumers are ready to get back in the market. This problem threatens to severely slow the housing and economic recovery.” All three of the NAHB indexes registered gains in October. The index gauging current sales conditions rose 3 points, while the index gauging sales expectations in the next six months rose 5 points and the index gauging traffic of prospective buyers rose 2 points to 11. TRD

 

Related Articles

arrow_forward_ios
US homebuilder confidence drops slightly from 18-year high

US homebuilder confidence drops slightly from 18-year high

US homebuilder confidence drops slightly from 18-year high
DC real estate lobby apprehensive about the Republican tax plans

DC real estate lobby apprehensive about the Republican tax plans

DC real estate lobby apprehensive about the Republican tax plans
US homebuilder confidence dips to an eight-month low

US homebuilder confidence dips to an
eight-month low

US homebuilder confidence dips to an
eight-month low
Builder confidence reaches its highest reading since 2005

Builder confidence reaches its highest reading since 2005

Builder confidence reaches its highest reading since 2005
US builder confidence in single-family homes hits 11-year high

US builder confidence in single-family homes hits 11-year high

US builder confidence in single-family homes hits 11-year high
US homebuilder optimism drops slightly but stays elevated

US homebuilder optimism drops slightly but stays elevated

US homebuilder optimism drops slightly but stays elevated
Trump plays to homebuilders at NAHB event in Miami Beach

Trump plays to homebuilders at NAHB event in Miami Beach

Trump plays to homebuilders at NAHB event in Miami Beach
Despite slip in confidence, US homebuilders remain optimistic

Despite slip in confidence, US homebuilders remain optimistic

Despite slip in confidence, US homebuilders remain optimistic
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...