HMI

Builder Confidence in New Construction Up for Second Straight Month

Last night on the radio I heard a report that the builder confidence index regarding new home construction was coming out today and that experts expected bad news. I’m happy to report that they were wrong. The National Association of Home Builders/Wells Fargo Housing Index (HMI) for November did in fact come out today, but …

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Builder Confidence Too Low For Comfort

Well, at least it didn’t get worse. Last month, builder confidence in new home construction hit its lowest level in 18 months, and this month, it stayed the same. According to National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), builder confidence in the market for newly built, single-family homes was at 13 …

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