Homebuilder Sentiment Hitting Record Highs
One indicator of a strong real estate market is homebuilder sentiment. They have the most to lose from poor decisions, as they are fronting the money to build homes. If they find that the home is up but just sitting unsold, it’s a financial problem. This article says that they aren’t worried right now: Builder confidence in the market for single-family homes in September increased 5 points to 83 on the monthly NAHB/Wells Fargo Housing Market Index.
Read the entire news article here.