Residential home builders are more optimistic now than they have been in more than a decade. The biggest improvement was in the Northeast.
A reflection of single-family home builder sentiment, the Housing Market Index, landed at 70 in December — the highest level since July 2005.
A monthly index that exceeds 50 is an indication that more of the nation’s home builders view market conditions as good than those who don’t.
Source: Mortgage Daily
