Jann Swanson | Mortgage News Daily
Builder confidence as measured by the National Association of Home Builders (NAHB)/Wells Fargo Home Market Index back slightly in December after a four point uptick in November, and is ending the year just about where it began. The HMI which is designed to indicate the home builder perceptions of the market for new single-family homes, was at 57 this month, down from 58 in November and one point higher than in January 2014. The index has fluctuated from a low of 45 in May to 59 in September.
NAHB Chairman Kevin Kelly said, “Members in many markets across the country have, seen their businesses improve over the course of the year, and we expect builders to remain confident in 2015.”