Builder confidence in the market for newly built, single-family homes rose for a fourth consecutive month in September to a level of 59 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This latest four-point gain brings the index to its highest reading since November of 2005.
“Since early summer, builders in many markets across the nation have been reporting that buyer interest and traffic have picked up, which is a positive sign that the housing market is moving in the right direction,” said NAHB Chairman Kevin Kelly.
In general, this is a good time to house hunt. Prices have gone up, but buyers can still take time to shop carefully. And mortgage rates are still attractive.
NATIONAL ASSOCIATION OF HOME BUILDERS, SEPTEMBER 17, 2014