Print
EmailBuilder confidence bounces back in July: NAHB/Wells Fargo report
Builder confidence in the market for newly built, single-family homes rose two points to 15 on the NAHB/Wells Fargo Housing Market Index (HMI) for July, released today. The gain largely offsets a three-point dip recorded in June, and marks the ninth time out of the past 10 months in which the index has held within the same three-point range.
Two out of three of the HMI's component indexes rebounded in July from declines in the previous month. The component gauging current sales conditions rose two points to 15, returning to its May level, while the component gauging sales expectations in the next six months rose seven points to 22, which is where it stood in April. The component gauging traffic of prospective buyers held even with the previous month, at 12.
Regionally, the HMI inched up one point to 12 in the Midwest and posted three-point gains in both the South and West, to 17 and 14, respectively. Only the Northeast posted a decline, slipping two points to 15.
For more on the NAHB/Wells Fargo HMI July report, visit: http://www.nahb.org/news_details.aspx?newsID=13052
More like this
- NAHB/Wells Fargo: Builder confidence surges six points in July
- NAHB/Wells Fargo: Confidence, home prices trending upward
- NAHB/Wells Fargo: Builder confidence keeps climbing in August
- NAHB/Wells Fargo: Home builder confidence dips in April
- NAHB/Wells Fargo: Builder confidence up nine points from April 2011
Comments on: "Builder confidence bounces back in July: NAHB/Wells Fargo report"
RELATED ARTICLES
Wisconsin-based window and door manufacturer cited for worldwide
export by Acting Secretary of Commerce Rebecca Blank.
The 2012 NAHB study “What Home Buyers Really Want” shows a decided preference for crown moldings. Sixty-two percent of respondents rated crown moldings the third most...
Seattle architect Ross Chapin knows all about designing smaller, smarter homes. Chapin, principal of Ross Chapin Architects, Langley, Wash., has long been a proponent of...
Search Our Buyer's Guide
Reference Library
Professional Remodeler’s annual Market Leaders list, which identifies the top...
With demand for custom design, remodeling, and renovations at its highest level since 2005, ...
Normandy Remodeling converts confined kitchen into sprawling galley.
Each year, the National Kitchen and Bath Association surveys its members to identify the latest...
Each year, the National Kitchen and Bath Association surveys its members to identify the latest...
