fha mortgage loans, local mortgage broker, midwest family lending

(515) 252-7107


Mortgage Industry News

« Return to Mortgage Industry News

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."


Read Full Article


"Derek and Chelsea made everything easy to understand. Answered all our questions. Made our closing go smoothly considering all the hurdles they had to jump for us."
Kelly A.