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

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