Builder Confidence Index November 2016

By
Real Estate Agent with Berkshire Hathaway Home Services Crest CDRE #01044712

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

Posted by

John Pusa

Real estate agent, Glendale, CA

Better way to buy and sell real estate

Berkshire Hathaway Home Services Crest

Office (818) 441-8881

Mobile (818) 441-8881

4005 Foothill Blvd.

La Crescenta, CA. 91214

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
4,046,080
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Thank you for the information. I will share it with others. Have a good day.

Dec 01, 2016 04:16 AM #1
Rainmaker
2,683,622
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

Good morning John. We need to maintain and increase the pace of new construction! Enjoy your day!

Dec 01, 2016 06:05 AM #2
Rainmaker
2,485,970
Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

Great information John Pusa and home builders are very busy here in my market!

Dec 01, 2016 01:06 PM #3
Rainmaker
2,388,317
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Wayne Martin Very true, new construction needed. Have a good day. Thanks for the comment.

Dec 01, 2016 05:08 PM #4
Rainmaker
2,388,317
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

 Hello Lisa Von Domek  I agree, home builders are busy in many markets.  Thanks for the comment.

Dec 01, 2016 05:11 PM #5
Rainmaker
2,388,317
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Gita Bantwal You are welcome. I am glad you find the post very helpful. Please share the post. Have  good day as well. Thanks for the comment.

Dec 01, 2016 05:13 PM #6
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
2,388,317

John Pusa

Your All Time Realtor With Exceptional Service
I will be very happy to assist you with your real estate needs.
*
*
*
*
Spam prevention