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Home Builder Confidence Still Unable to Gain Momentum image

Home Builder Confidence Still Unable to Gain Momentum


Dec 15, 2009 at 8:30 pm.
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Posted To: MND NewsWire

Builders continue to be skeptical about the near term prospects of the real estate market according to details from the December National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released on Tuesday. The overall Index which shows builders perception of the market was 16, one point lower than in November and the lowest point since June. Any score over 50 indicates that more builders view market as good rather than poor, a condition that hasn't existed in several years. The HMI is constructed from replies to three questions posed to builders. Each respondent is asked to rate both his current perceptions of the market and his expectations for the market in six months on a scale consisting of "good," "fair," or "poor" responses…(read more)

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Source:Home Builder Confidence Still Unable to Gain Momentum

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