Executive Briefings

U.S. Housing Market Continues Its Upswing

Builder confidence in the U.S. new single-family home market was up for the fourth month in September 2014, to hit 59 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This four-point gain elevates the index to its highest point since November of 2005.

“Since early summer, builders in many markets across the nation have been reporting that buyer interest and traffic have picked up, which is a positive sign that the housing market is moving in the right direction,” said NAHB Chairman Kevin Kelly, a home builder and developer from Wilmington, Del.

NAHB Chief Economist David Crowe said that there was still not enough activity from first-time home buyers.

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“Since early summer, builders in many markets across the nation have been reporting that buyer interest and traffic have picked up, which is a positive sign that the housing market is moving in the right direction,” said NAHB Chairman Kevin Kelly, a home builder and developer from Wilmington, Del.

NAHB Chief Economist David Crowe said that there was still not enough activity from first-time home buyers.

Read Full Article