MHProNews has learned from the National Association of Home Builders (NAHB) their Wells Fargo Housing Market Index (HMI) reports builder confidence in the market for new, single-family homes rose one point in June, to 29, the highest level attained since May of 2007. Based on a 25 year-old survey, the HMI measures builders expectations for the next six months based on current building activity and prospects’ inquiries. A number over 50 indicates builders’ see conditions as good rather than poor. Regionally, the Midwest and West posted gains, while the South and Northeast indicated decline.
(Photo credit: Wikipedia)