Santa’s gift to builders: higher home prices

Christmas-Stocking-Full-Cash-560657By Kris Hudson | The Wall Street Journal

Several measures indicate that builders again started hiking prices last fall as buyers regained a bit of confidence in the market. A monthly survey of builders conducted by housing analysis firm John Burns Real Estate Consulting Inc. found that 24% of respondents raised their prices in December, up from a recent low of 19% in November.

The Burns survey, which included 231 respondents, also found that the percentage of respondents who lowered their prices declined to 8% in December from a recent high of 12% in October.

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