Little by little, but for a third consecutive month, the National Association of Home Builders /Wells Fargo Housing Market Index measuring developer optimism crept higher in March.

The index measures newly built single-family homes. It moved two points higher to 44.

Builders expressed that a lack of existing inventory is shifting demand to the new home market.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

National
Multifamily
Development
Southwest