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Confidence Among Homebuilders in U.S. Remains Near 2016 High | Tony Seruga
Nov
16

Confidence Among Homebuilders in U.S. Remains Near 2016 High

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Confidence among U.S. homebuilders in November remained near the highest level this year, a sign of strength in the residential real estate market, according to data Wednesday from the National Association of Home Builders/Wells Fargo.

Key Points

  • Builder sentiment gauge held at 63 (forecast was 63); readings below 50 mean more respondents report poor market conditions
  • Index of prospective buyer traffic rose to 47 from 46
  • Measure of six-month sales outlook decreased to 69 from 71
  • Gauge of current sales was unchanged at 69…

Confidence Among Homebuilders in U.S. Remains Near 2016 High

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