Builder optimism rose again in April thanks largely to a tight inventory of existing homes, and the index components that gauge future expectations rose the most.
WASHINGTON – Builders remained cautiously optimistic in April as limited resale inventory helped increase demand for new homes.
April builder confidence in the market for newly built, single-family homes rose one point to 45, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).
New Homes Now One-Third of Housing Inventory
Bottom Line "There Is A Realtor For That"
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