Builder Confidence Steady in November - Fine Homebuilding

previous
  • 7 Smart Kitchen Solutions
    7 Smart Kitchen Solutions
  • Pro Tool Rental. Learn More.
    Pro Tool Rental. Learn More.
  • Video Series: Tile a Bathroom
    Video Series: Tile a Bathroom
  • Design Inspiration
    Design Inspiration
  • Clever daily tip in your inbox
    Clever daily tip in your inbox
  • Magazine Departments
    Magazine Departments
  • Basement Remodeling Tips
    Basement Remodeling Tips
  • 7 Trim Carpentry Secrets
    7 Trim Carpentry Secrets
  • Read FHB on Your iPad
    Read FHB on Your iPad
  • Tips & Techniques for Painting
    Tips & Techniques for Painting
  • Master Carpenter Videos
    Master Carpenter Videos
  • Video: Install a Fence
    Video: Install a Fence
  • Hot Water Now
    Hot Water Now
  • 9 Concrete Countertops Ideas
    9 Concrete Countertops Ideas
  • Remodeling Articles
    Remodeling Articles
  • Custom Flooring Inspiration
    Custom Flooring Inspiration
  • Energy-Smart Details
    Energy-Smart Details
  • Classic Cabinets
    Classic Cabinets
  • 7 Small Bathroom Layouts
    7 Small Bathroom Layouts
  • All about Roofing
    All about Roofing
  • Radiant Heat Comparison
    Radiant Heat Comparison
next

News

News


Builder Confidence Steady in November

comments (0) December 2nd, 2013 in Blogs
ScottG Scott Gibson, contributing writer


Builder confidence in the single-family home market was unchanged in November's National Association of Home Builders/Wells Fargo Housing Market Index.

November's index of 54 means that for the sixth consecutive month, "more builders have viewed market conditions as good than poor," NAHB said in releasing the results on Nov. 18.

NAHB has been conducting the monthly survey for the last 25 years. Builders are asked about their views on current sales as well as their expectations for the following six months. Builders also are asked to gauge the traffic of prospective buyers. Any index number over 50 indicates that more builders thought conditions were good than did those who thought they were poor.

The survey component about current sales held steady at 58, while expectations for future sales fell by one point to 60. Builders were less positive about traffic of prospective buyers, with a score of 42.

Results in the West and South were unchanged in the three-month moving average, NAHB said. In the Northeast, the index gained one point, and in the Midwest it fell three points.

"Policy and economic uncertainty is undermining consumer confidence," NAHB chief economist David Crowe said in NAHB's announcement. "The fact that builder confidence remains above 50 is an encouraging sign, considering the unresolved debt and federal budget issues cause builders and consumers to remain on the sideline."


posted in: Blogs, business

Comments (0)

Log in or create a free account to post a comment.