Home Builder Confidence Harkens Back to 2005

Home builders’ confidence in the new single-family housing market is harkening back to 2005, rising to a reading of 71 in the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI)—the highest level in 12 years. Index readings of 50-plus indicate more builders identify the market as “good” than “poor.”
“Builders are buoyed by President Trump’s actions on regulatory reform, particularly his recent executive order to resc