Tuesday, December 17, 2013

Homebuilder Confidence Continues to Climb

Confidence among U.S. homebuilders increased more than forecast in December, matching the highest level in eight years.

The National Association of Home Builders/Wells Fargo builder sentiment gauge rose to 58, exceeding the highest projection in a Bloomberg survey, from 54 in November, according to a report today from the Washington-based group. The median forecast called for the measure to rise to 55. An index above 50 means more respondents report good market conditions.

Talking with modular home builders across the US, I have found that they share the same bright outlook including the prospects for a good 2014.

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