Dec
15
Confidence Among Homebuilders in U.S. Surges to an 11-Year High
ByConfidence among U.S. homebuilders surged in December to an 11-year high on prospects the election of Donald Trump will translate into a smaller regulatory burden on the industry, according to data Thursday from the National Association of Home Builders/Wells Fargo.
Key Points
- Builder sentiment gauge rose to 70 (forecast was 63), the highest since July 2005, from 63; readings below 50 mean more respondents report poor market conditions
- Index of prospective buyer traffic rose to 53, also an 11-year high, from 47
- Measure of six-month sales outlook jumped to 78, the best reading since June 2005, from 69
- Gauge of current sales rose to an 11-year high of 76 from 69…
Confidence Among Homebuilders in U.S. Surges to an 11-Year High
