By Diana Olick | CNBC
The nation’s homebuilders continue to have a positive outlook on their market, but no more positive than last month.
Homebuilder sentiment held steady in November at 63 on the National Association of Home Builders/Wells Fargo Housing Market Index. Anything above 50 is considered “positive.” That confidence, however, may change in the next report.
“With most of our members responding before the November elections, confidence levels remained unchanged as they awaited the results,” said NAHB Chairman Ed Brady, a homebuilder and developer from Bloomington, Illinois. “Still, builder sentiment has held well above 60 for the past three months, indicating that the single-family housing sector continues to show slow, gradual growth.”
