Sentences with phrase «home builder confidence continued»

Home builder confidence continued into February at a strong level of 72.

Not exact matches

Even with the slow rise in confidence, builders continue to face difficulty obtaining lots to build on and labor to build the homes.

«The pick - up in new home sales should improve builder confidence and lead to more home construction, offering home buyers additional options and creating opportunities for current owners to trade into new homes, potentially unleashing existing home inventory,» Hale continued.

«The November sales numbers are consistent with our reports of growing builder confidence, particularly big gains in traffic to new home sites,» said NAHB chairman Granger MacDonald, «Builders are encouraged by the increased demand for housing and expect business to continue to improve in 2018.»

A lack of existing home inventory continues to drive growth for residential construction and sustain strong home - builder confidence — now hovering near a two - decade high.

In this week's economic review, the 30 - year average mortgage rate climbed past 4 percent for the first time in 26 weeks, housing starts ended the year with a steep drop, and home builders continue to express confidence in the market as homebuyer traffic builds.

«This month's modest uptick in builder confidence comes on the heels of a four - point gain in May and is reflective of the continued, gradual improvement we are seeing in many individual housing markets as more buyers decide to take advantage of today's low prices and interest rates,» said Barry Rutenberg, chairman of the National Association of Home Builders (NAHB) and a home builder from Gainesville, FHome Builders (NAHB) and a home builder from Gainesville, Fhome builder from Gainesville, Fla..