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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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