November 18th, 2020

NAHB: Rising Demand for Homes Boosts Builder Confidence

NAHB: Rising Demand for Homes Boosts Builder Confidence

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Builder confidence in housing market conditions reached a new record high in November according to the National Association of Home Builders. November’s index reading of 90 was five points higher than in October. Index readings over 50 indicate positive builder sentiment toward market conditions. Readings for the Housing Market Index fell below 50 in April and May as the COVID-19 pandemic grew.