Scotsman Guide > News > March 2017 > News Story

 Enter your e-mail address and password below.


Forgot your password? New User? Register Now.

News Archives

Subscribe icon Subscribe to our weekly e-newsletter, Top News.

Builder confidence hits highest level since boom

Builder confidence in the market for new homes hit a 12-year high this month, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index.

The overall index rose by six points of 71, the highest level since June 2005, NAHB reported. The index measures confidence in the current and future market for newly build homes, and the builders' perceptions of buyer traffic. An overall score of 50 or more suggests that the majority of builders view conditions favorably.

“While builders are clearly confident, we expect some moderation in the index moving forward,” NAHB Chief Economist Robert Dietz said. “Builders continue to face a number of challenges, including rising material prices, higher mortgage rates, and shortages of lots and labor.

All three components increased in March. Confidence in current sales conditions jumped seven points to 78, while the index charting sales expectations in the next six months rose five points to 78.  The index measuring buyer traffic increased eight points to 54.

Regionally, confidence in the Midwest increased three points to 68;  and the South was up one point to 68. The West dipped three points to 76, and the Northeast dropped one point to 48.


Questions? Contact at (425) 984-6017 or

Bubble 0 Comments

By submitting this comment, you agree to comply with our Terms of Use.

The text exceeds the maximum number of characters allowed.

Are you sure you want to permanently delete this blog comment? This action cannot be reversed.

You must enable your community profile to use this feature.

Cancel Enable profile

You have flagged this post for inappropriate content.

Please explain below. Thank you.

Cancel Submit

Get the latest news and articles from Scotsman Guide straight to your inbox.

Send me the following e-mails:

Learn more about Scotsman Guide e-mails

Thank you for signing up to receive e-mails from Scotsman Guide.

A confirmation e-mail has been sent to the address you provided.

For questions regarding your e-mail subscriptions please contact or call (800) 297-6061.

Fins A Lender Post a Loan
Residential Find a Lender Commercial Find a Lender
Follow Us:Visit Scotsman Guide Facebook pageVisit Scotsman Guide LinkedIn pageVisit Scotsman Guide g+ pageVisit Scotsman Guide Twitter page


© 2017 Scotsman Guide Media. All Rights Reserved.  Terms of Use  |  Privacy Policy