Home builder confidence broke above the key breakeven threshold of 50 and into positive territory for the first time since last July, with March’s reading also the fourth consecutive monthly gain. The NAHB noted that the lack of existing homes for sale, strong buyer demand, and rates below last fall’s peak all helped push builder… Read more
Tags: newconstruction
Housing Starts rose for the second straight month in October, beating expectations and suggesting that the lack of existing homes for sale continues to boost the new construction market. Building Permits, a sign of future construction, also increased last month, with single-family permits reaching their highest level in a year.