Home builders are getting more optimistic over the single-family home market, specifically over current sales conditions, sales expectations, and prospective buyer traffic, according to the December reading of the National Association of Home Builders/Wells Fargo Housing Market Index.
"Following a two-month pause in the index, this uptick is due in part to release of the pent-up demand caused by the uncertainty generated by the October government shutdown,” says David Crowe, the NAHB’s chief economist. “We continue to look for a gradual improvement in the housing recovery in the year ahead."
The overall index rose four points in December to a 58 reading. Any number above 50 indicates that more builders view conditions as good than poor.
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Source: www.realtormag.com
Daily Real Estate News | Wednesday, December 18, 2013
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