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Home Builders’ Confidence Rises in Anticipation of Trump Administration Boost

home-builder-confidenceMeasure of industry sentiment reaches highest level since July 2005

By Eric Morath | The Wall Street Journal

WASHINGTON—Home builders are confident President-elect Donald Trump’s policies will deliver a boost to their industry.

The National Association of Home Builders’ sentiment measure, released Thursday, rose in December to the highest level since July 2005, near the peak of the housing bubble.

The reading itself doesn’t suggest home building will surge back to precrisis levels, when construction started on about 80% more homes than the pace recorded in recent months. But the report does indicate that builders expect a Trump administration to lend more support to the industry, through reduced regulation and taxes.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.