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Builder Confidence Finishes Year Close to Highs
Monday, December 15, 2014
Builder confidence as measured by the National
Association of Home Builders (NAHB)/Wells Fargo Home Market Index (HMI) fell
back slightly in December after a four point uptick in November, and is ending
the year just about where it began. The
HMI which is designed to indicate the home builder perceptions of the market
for new single-family homes, was at 57 this month, down from 58 in November and
one point higher than in January 2014.
The index has fluctuated from a low of 45 in May to 59 in September.
NAHB Chairman Kevin Kelly said, "Members in many markets
across the country have, seen their businesses improve over the course of the
year, and we expect builders to remain confident in 2015."
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