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Builder confidence falls nationally, remains flat for Northeast

Oct 17, 2014
Builder confidence in the market for newly-built, single-family homes in October fell five points to a level of 54 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). 

Builder confidence for the Northeast remained level at 41. 

NAHB Chief Economist David Crowe said that after the HMI posted a nine-year high in September, it’s not surprising to see the number drop in October. He said that historically low mortgage interest rates, steady job gains, and significant pent up demand all point to continued growth of the housing market.

To read the entire NAHB press release, click here
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