Builder Confidence Index February 2019

Reblogger
Services for Real Estate Pros with 5homestyle Kate Steven
Original content by John Pusa CDRE #01044712

On February 19, 2019, National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for newly built single family homes increased four points to 62 points in February of 2019 from 58 points in January of 2019.

The HMI component charting present sales conditions gained three points to 67 points, the HMI buyer traffic higher four points to 48 points, and the HMI sales expectations index rose five points to 68 points in February of 2019.

The three-month moving averages for regional HMI scores, South up one point to 63 points, the West did not change at 67 points, Northeast declined two points to 43 points, Midwest stayed the same at 52 points in February of 2019.

NAHB Chief Economist Robert Dietz, stated  “The five-point jump on the six-month sales expectation for the HMI is due to mortgage interest rates dropping from about 5 percent in November to 4.4 percent this week. However, affordability remains a critical issue. Rising costs stemming from excessive regulations, a dearth of buildable lots, a persistent labor shortage and tariffs on lumber and other key building materials continue to make it increasingly difficult to produce housing at affordable price points.”

For complete more detailed information about NAHB Builder Confidence Index for February of 2019, please click HERE

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

Comments (1)

John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Kate Steven glad you find the post very helpful. Thanks for re-blogging my post.

Mar 01, 2019 01:49 PM

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