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Builder certainty falls in February

Tue Feb 17, 2015 14:25 PST

Builder certainty forsaken in Feb though a infancy of builders of new single-family homes were still confident in their sales expectations for a subsequent 6 months, according to a latest
National Association of Home Builders/Wells Fargo Housing Market Index (HMI) report.

Nationally, a Index fell dual points to 55 for a month, indicating that a infancy of builders were still confident overall. The Index asks builders to rate sales as “good,” “fair” or “poor.” Builders are also asked to rate trade as “high to really high,” “average” or “low to really low.”

The partial of a index that charts stream sales forsaken one indicate to 61, and sales expectations remained plain during 60. Buyer traffic, however, fell 5 points to 39. Confidence over a past 3 months was lowest in a Northeast during 46, and top in a West during 68.

“Overall, builder view stays sincerely solid, with this slight downturn mostly attributable to a scarcely high sleet levels opposite most of a nation,” pronounced NAHB Chairman Tom Woods in a news release.

Article source: http://www.scotsmanguide.com/News/2015/02/Builder-confidence-falls-in-February/

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