By: Sandra Solomon

New construction

Tags: New construction

Last week, the National Association of Home Builders (NAHB) reported their Housing Market Index (HMI) hit an all-time high in the 35-year history of the series with a score of 83. The index gauges builder perceptions of current single-family home sales and sale expectations for the next six months, as well as the traffic of prospective buyers of new homes.

As the following chart shows, confidence dropped dramatically when stay-in-place orders were originally mandated earlier this year. Since then, it has soared back.

Click on the link below to read more:

https://www.keepingcurrentmatters.com/2020/09/23/home-builder-confidence-hits-all-time-record/