Tag Archives: Builder confidence reaches positive territory for first time in 7 years

It’s been 7 years since the National Association of Home Builders/Wells Fargo Housing Market Index has hovered above an index score of 50. But that feat was finally accomplished on Monday with NAHB noting a new builder confidence index score of 52 for single-family homes  an eight point increase from the previous report. A reading above 50 is considered a market where more builders view sales conditions as “good” than “poor”. The last time builders reached an index score above 50 was April 2006 right before the housing bubble popped. […]