NAHB Homebuilder Confidence Index Rises for Fourth Straight Month

Sign Up to Receive an Email Alert when Flash Headlines are Published

 

Economic Update: NAHB Homebuilder Confidence Index

The National Association of Home Builders Housing Market Index for January rose 4 points to a reading of 25, which was also 4 points above the estimates for a reading of 21.

This marks the fourth consecutive month in which builder confidence has improved, and brings the index to its highest point since June of 2007.

An excerpt from the release:

“Builder confidence has now risen four months in a row, with the latest uptick being universally represented across every index component and region,” noted Bob Nielsen, chairman of the National Association of Home Builders (NAHB) and a home builder from Reno, Nev. “This good news comes on the heels of several months of gains in single-family housing starts and sales, and is yet another indication of the gradual but steady improvement that is beginning to take hold in an increasing number of housing markets nationwide -- and that has been shown by our Improving Markets Index. Policymakers must now take every precaution to avoid derailing this nascent recovery.”

Last 12 months’ readings for comparison purposes:

• December: 21
  
• November: 19
  
• October: 16
  
• September: 14
  
• August: 15
  
• July: 15
  
• June: 13
  
• May: 16
  
• April: 16
  
• March: 17
  
• February: 16
  
• January 2011: 16
  

The NAHB/Wells Fargo Housing Market Index is a monthly survey of that measures builder perceptions of current single-family home sales and sales expectations for the next six months. Reading above 50 are considered positive.

 

SPDR Homebuilders ETF - Last 12 Months

 

 

Remember, you are in control your email alerts! You can receive alerts for more than 25 free research report alerts including: The “10.0” Report, The Insiders Report, ETF Leaders Report, and The Focus List.