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

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