Industry News

Home builders confident in real estate markets

Greatest optimism in new homes markets in the West

The nation's home builders are in good holiday spirits this December, maintaining the same high level of confidence as the last two months, according to the National Association of Home Builders/Wells Fargo Housing Market Index released today. A new regional breakout of the index also reveals that western builders are, on the whole, the most optimistic of all their colleagues. The December index held firm at 71, indicating there has been no discernible change in overall builder attitudes in the last three months. "Builders have every reason for good cheer this holiday season," NAHB President Bobby Rayburn said. "The bottom line is that buyer demand continues to keep builders busy and, like most business owners, builders are happiest when we're busy." The NAHB/Wells Fargo Housing Market Index is derived from a monthly survey of builders that NAHB has been conducting for nearly 20 years. Each month, builders report current sales of single-family homes and prospects for sales in the nex...