Builder Confidence In New Home Sales Stay Near All Time High
By Jon Klein, Search Parkland Homes for Sale - Parkland FL
(Real Living 1st Choice Realty)
Many times real estate market experts point to the feelings of the nation's home builders as a bell-weather signalling the health of the housing sector. This month's reading indicates that home builders are feeling pretty good. The National Association of Home Builders / Wells Fargo Housing Market Index (HMI) for February changed by one point to 46 as compared to 47 for January's reading. Over the last four months, HMI readings have stayed within a three-point range between 45 and 47, indicating a plateau after rising from 25 to 45 in 2012. Housing Market Index Near Highest Levels Since 2006 The good news is that February's reading remains near the HMI's highest level since April 2006, when the HMI reading reached 51. Some builders may be taking a wait-and-see stance in their confidenc...
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