Posted To: MND NewsWire

Builder confidence dipped a notch in February but still remains at elevated levels. The National Association of Home Builders (NAHB) says its Housing Market Index (HMI) which it sponsored with Wells Fargo, edged 1-point lower to 74. Even with this change, the Index remains high. Readings over the last three months represent the most optimistic outlook on the part of builders since December 2017. The HMI is the result of a survey conducted by NAHB each month among its new home builder members. NAHB chief economist Robert Dietz said, ” Steady job growth, rising wages and low interest rates are fueling housing demand in a market that lacks inventory, particularly at the entry-level. At a time when demand is on the rise, regulatory constraints along with a shortage of construction workers and a…(read more)

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Source: Mortgage News Daily