Hardware Retailing The Industry's Source for Insights and Information
Home builder confidence increased in June, hitting its highest point since September, according to survey data from the National Association of Home Builders (NAHB).
“Builders are reporting more serious and committed buyers at their job sites and this is reflected in recent government data showing that new-home sales and single-family construction are gaining momentum,” says NAHB chairman Tom Woods, a home builder from Blue Springs, Missouri.
The month’s score on the NAHB’s seasonally adjusted index, which is based on monthly surveys of builders, was 59 for June. Any number over 50 indicates that more builders view conditions as good than poor, according to the association.
To read more about the June survey, click here.
