Builder Confidence Index November 2021

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

On November 16, 2021, National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for newly built single family homes up three points to 83 points in November of 2021 from 80 points in October of 2021.

The HMI component charting present sales conditions gained three points to 89 points, the HMI buyer traffic rose three points to 68 points, and the HMI sales expectations index unchanged zero points to 84 points in November of 2021.

The three-month moving averages for regional HMI scores, South increased four points at 84 points, the West up one point at 84 points, Northeast declined two points at 70 points, Midwest grew four points to 72 points in November of 2021.

NAHB Chief Economist Robert Dietz, stated “Lot availability is at multi-decade lows and the construction industry currently has more than 330,000 open positions. Policymakers need to focus on resolving these issues to help builders produce more housing to meet strong market demand.”

For complete more detailed information about NAHB Builder Confidence Index for November of 2021, 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

Comments (4)

Tony Busanich
TD Bank - Freehold, NJ
1-4 FAMILY HOME LOAN SPECIALIST

Hi John, thanks for sharing the builders report. We seeing move movement with application on construction request and view it as a nice sign for next year. 

Dec 01, 2021 07:40 AM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Tony Busanich
TD Bank - Freehold, NJ
1-4 FAMILY HOME LOAN SPECIALIST

Hello Tony Busanich you are welcome, and glad you find the builders report very valuable. Very true, increasing movement with application on construction request and view it as a nice sign for next year. Thanks for the comment.

Dec 01, 2021 03:43 PM
Kristin Johnston - REALTOR®
RE/MAX Realty Center 262-567-2455 - Waukesha, WI
Giving Back With Each Home Sold!

Great information.  Thanks for sharing and enjoy your day!

Dec 02, 2021 07:42 AM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Kristin Johnston - REALTOR® you are welcome, and glad you find the report very informative. Enjoy your day too. Thanks for the comment.

Dec 02, 2021 03:15 PM