The most recent National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index for July has revealed a positive result, indicating a rise of one point from the previous month. This has brought the index to its highest level in over a year, with a reading of 56.
This increase in sentiment signals a positive development for the Home Building industry. Builders are feeling more optimistic, largely attributed to the rebound in single family housing activity as the economy recovers from its COVID-induced downturn. The components of the Index show that present single-family sales, sales expectations for the next six months, and buyer traffic all improved by slightly higher readings in July from June.
Key points:
• Homebuilder sentiment rose one point from June to a reading of 56 in July
• NAHB/Wells Fargo Housing Market Index for July showed a positive result
• Highest level in over a year
• Signs of a positive development for the Home Building industry
• Rebound of the single family housing activity due to a recovery from the COVID-induced downturn
• All components of the Index (present single-family sales, sales expectations, buyer traffic) improved by slightly higher readings in July from June
You can read this full article at: https://www.housingwire.com/articles/homebuilders-are-still-smiling-and-cutting-down-on-sales-incentives/(subscription required)
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