According to the National Association of Home Builders/Wells Fargo Housing Market Index, builder confidence in the housing market held steady at 13 in September. The index gauges builders’ perception of the market for newly built, single-family homes. A number below 50 indicates more builders view conditions as poor than good. Despite remaining unchanged from August’s low level, NAHB’s chief economist David Crowe, said he expects, with moderate improvement in the job market, conditions should improve for new-home sales in the year’s final quarter. More here, here, and here.
Theresa Springer’s Blog
Builder Confidence Holds In September
September 20, 2010
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