Builders confident as market primed to expand in 2018
It is the highest report since July 1999
Builder confidence in the market for newly built single-family homes increased five points to a level of 74 in December 2017 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) after a downwardly revised November reading. This was the highest report since July 1999.
"Housing market conditions are improving partially because of new policies aimed at providing regulatory relief to the business community," NAHB Chairman Granger MacDonald said.