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Remodelers Attitudes more Bullish than Home Builders

Tuesday, January 20, 2015

The National Association of Home Builders' (NAHB') monthly assessment of builder confidence in the new home market showed a slight weakening in January.  The Association's Housing Market Index (HMI) which it sponsors in conjunction with Wells Fargo Bank, was at 57, down one point from December.  NAHB pointed out it was the third straight month the Index has "hovered" in the upper 50's ranger. 

"After seven months above the key 50 benchmark, builder sentiment is reflecting the gradual improvement that is occurring in many markets throughout the nation," said NAHB Chairman Kevin Kelly.

 

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