IE Business Daily Business news for the Inland Empire.
Home builders this month expressed strong confidence in the market for new, single-family homes.
The National Association of Home Builders/Wells Fargo Housing Market Index, which was released Monday, rose to 59 this month, the highest the index has been since last September.
The monthly survey, which is seasonally adjusted, measures perceptions of the single-family home market for the next six months as “good,” “fair,” “poor” or “low to very low.” Anything 50 or above means builders feel positive about the housing market’s short-term future.
“Builders are reporting more serious and committed buyers at their job sites, and this is reflected in recent government data showing that new-home sales and single-family construction are gaining momentum,” said Tom Woods, association president, in a statement.
