On November 16, 2016, National Association of Home Builders/Wells Fargo Housing Market Index (HMI) did not change at 63 points in November of 2016.
The HMI buyer traffic index gained one point to 47 points, the HMI gaging current sales did not change at 69 points, and HMI component charting sales expectations decreased two points to 69 points, in November of 2016.
Looking at the three-month moving averages for regional HMI scores, the West rose two points to 77 points, Midwest gained two points to 58 points, South
stayed the same at 66 points, and the Northeast increased two points to 45 points, in November of 2016.
NAHB Chief Economist David Crowe, stated “Ongoing job creation, rising incomes and attractive mortgage rates are supporting demand in the single-family housing sector. This will help keep housing on a steady, upward glide path in the months ahead,”
For complete more detailed information about NAHB Builder Confidence Index for November of 2016, please CLICK HERE