Tag Archives: Homebuilder confidence at four-year high

Homebuilder confidence in the single-family homes segment jumped for the fifth consecutive month in February, reaching a four-year high, an industry trade group said Wednesday. The National Association of Home Builders/Wells Fargo housing market index, which measures homebuilders general view of the market, rose to a score of 29. While that score is up from 25 the previous month, it is still far below 50, which generally indicates more builders view market conditions as good rather than poor. “Builder confidence has doubled since September,” NAHB Chairman Barry Rutenberg said. “Given […]