Hopes High as Home Builders Encouraged by New Administration

Home builders have high hopes for the year ahead, anticipating a solid real estate market while being encouraged by the promises of a new administration.
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) posted 67 this month, a decrease of only two points from December 2016, with the measure of “buyer traffic” at 51, the measure of “current sales conditions” at 72, and the measure of “sales expectations” at 76. An above-50