Housing Market Continues To Improve

Monday – December 18

The housing market continues to improve as home builders report strong optimism as the year comes to a close. The National Association of Home Builders Housing Market Index jumped to its highest level in 18 years, up 5 points to 74 and above the 70 expected. Builder confidence has improved in 2017 on hopes of an improved regulatory environment for firms in the residential construction sector. The NAHB said that home buyer traffic and current sales conditions both increased in December. The NAHB/Wells Fargo Housing Market Index gauges builder perceptions of current single-family home sales and sales expectations for the next six months.