Builders’ confidence in the single-family new home market continues to rise, according to the latest survey of its members by the National Association of Home Builders (NAHB).
The trade association's Housing Market Index (HMI) rose to 46 in November, up from 43 in October, and its highest level since April, when it stood at 51, just above the break-even point.
The survey gauges builders’ perceptions of current single-family home sales and sales expectations as good, fair, or poor. From these scores, a seasonally adjusted HMI is calculated. A score over 50 indicates a positive outlook and digits below indicate a poor one.
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