New Homebuyer Traffic Up, Builder Expectations Off

An improvement in buyer traffic for new houses offset a drop in expectations by the nation’s homebuilders for sales during the spring.

As of November, the Housing Market Index, a snapshot of builder sentiment, was a seasonally adjusted 63, no different than in October.

But home builder confidence has grown slightly more optimistic than in the same month last year, when the index was determined to be 62.

---

…read more

From:: Financing