Builder Confidence Ends 2019 Strong on Solid Economic Fundamentals
All three Housing Market Index components registered gains in December 2019.
Builder confidence in the market for newly built single-family homes increased five points to 76 in December, from an upwardly revised November reading, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). This is the highest reading since June 1999.
“Builders are continuing to see the housing rebound that began in the spring, supported by a low supply of existing homes, low mortgage rates and a strong labor market,” said Greg Ugalde, NAHB chairman and a home builder and developer from Torrington, Conn.