Homebuilder confidence experiences largest one-month gain in a decade

Confidence among U.S. homebuilders is swelling to a five-year high, with many now anticipating that sales of new homes will strengthen this year even as signs point to a slowing economy. The National.

Builder confidence rose six points to a rating of 35 on the NAHB’s Housing Market Index for July, bringing the index to its highest overall point since March 2007.

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Mayhem continued to roil the mortgage market this week. biggest decline — more than 10% — but the Midwest — a region that did not experience a housing boom the way other parts of the country did.

Homebuilder confidence rose six points in July, its steepest one-month increase in over a decade, according to a new report from the National Association of Home Builders.

Building (and Testing) Improvised Body Armor For those of you keeping score at home, that’s the largest one-month gain recorded by the index in nearly a decade. It propels the Housing Market Index to a five-year high last seen in March 2007. For 25 years, the Housing Market Index has measured new home sales, model home buyer traffic and builder confidence.

Confidence among U.S. homebuilders is swelling to a five-year high, with many now anticipating that sales of new homes will strengthen this year even as signs point to a slowing economy. The NAHB/Wells Fargo builder sentiment index surged six points this month to 35, the highest reading since March 2007, the trade association said Tuesday.

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