Posts Tagged ‘ Wells Fargo Housing Market Index ’

Builder Confidence Slips One Notch in January

Jan 17th, 2014

Builder confidence in the market for newly built, single-family homes fell one point to 56 in January from a revised December reading of 57 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). “Rising home prices, historically low mortgage rates and significant pent-up demand will drive a continuing, gradual recovery in [...]

Builder Confidence Rises Four Points in December

Dec 17th, 2013

Builder confidence in the market for newly built, single-family homes improved four points to a 58 reading on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) for December. This gain reflected improvement in all three index components—current sales conditions, sales expectations and traffic of prospective buyers. “The recent spike in mortgage [...]