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



Super Tags Widget

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