The nation’s home builders have grown more confident than at any time since Bill Clinton was president. Deregulation was cited as one factor for the optimism.
The seasonally adjusted Housing Market Index landed at 74 for December. That turned out to be the highest it has been since it was 75 in July 1999.
An index of more than 50 is an indication that more home builders view current conditions as good than those who view them as poor.
Source: Mortgage Daily