Housing market shines for home builders; sales, buyer traffic continue to grow

It’s been nearly 10 years since home builders have been this confident about the housing market.

The Housing Market Index, which is based on a survey by the National Association of Home Builders, rose 1 point to 61 this month, its highest level since November 2015. Builders were asked about current sales of new single-family houses, sales expectations for the next six months, and traffic of prospective buyers. Two components — current sales and buyer traffic — were up, while sales expectations… …read more