Mount Olympus Mortgage Company


The Mortgage Blog of Mount Olympus Mortgage Co.

Builder Confidence Hits Four Year High In February

Builder sentiment rose for the fifth consecutive month in February, according to the National Association of Builders’ Housing Market index. The index measures builder confidence in the market for newly built, single-family homes on a scale where any number over 50 means more builders view the market as good than poor. In February, the index rose from 25 to 29 and reached its highest level in more than four years. David Crowe, NAHB’s chief economist, said this is the longest sustained improvement the index has seen since 2007 but cautioned that the HMI is still low. Still, builder confidence has now doubled since last September. The gauges measuring current sales and expectations for the next six months both rose by five points in February. More here.

Photo by Jared Frazer/Flickr

Photo by Jared Frazer/Flickr

Category: Housing Market

Tagged: , , , , , , , , , , , , , , , , , , , , , ,

Leave a Reply

Click below to view video …

Follow MountOlympusCo on Twitter

Super Tags Widget Pace Mortgage Activity First Quarter New Home Sales Mortgage Application Moving Average Spike Signs Metropolitan Areas Loan Demand Nar Economists Confidence Housing Market Job Applications April Consumer Confidence Interest Rate Homes Sale Distressed Sales Midwest Amp Building Permits Rose Home Values Census Bureau California Loan Balances Current Sales U S Department Loan Application U S Census Fixed Rate Mortgages Mortgage Rates Freddie Mac Vice President Year Fixed Rate Mortgages Economy Good Time Fannie Mae Economic Growth Association Of Realtors New Single Family Sales Pace Housing Starts Department Of Housing And Urban Development Foreclosures Application Volume Economics Nahb U S Census Bureau Composite Index New Homes Chief Economist National Association Of Realtors Housing And Urban Development 30 Year Fixed Rate Mortgages Purchase Index Foreclosure Median Sales Price Housing Development Existing Home Sales Estimates National Association Of Home Builders Conforming Loan Mortgage Loan Application Mortgage Respondents Foreclosure Market Mortgage Bankers Association Department Of Housing Second Quarter Improvements Irvine Consumers Low Mortgage Homes For Sale Fourth Quarter Jumbo Loans Decline Mount Olympus Affordability Homebuyer Tax Credit Housing Affordability Pending Home Sales Index Doug Duncan Market Index Chief Executive Officer Scorecard Mba Participants Buying A Home Refinance Survey Six Months Single Family Declines New Houses