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Homebuilder sentiment hits 18-year high, beating forecasts. Homebuilder sentiment hits 18-year high, beating forecasts Published. December 18 2017, 10:50am EST;. according to data Monday from the National Association of Home Builders/Wells Fargo.
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Builder confidence in the market for new single-family homes rose four points to 68 in October on the NAHB/Wells fargo housing market index (hmi). This was the highest reading since May. "This month’s report shows that home builders are rebounding from the initial shock of the hurricanes," said NAHB Chairman Granger MacDonald.
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Builder confidence in the market for newly-built single-family homes took a four-point ascent to a level of 68 in October on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). This was the highest HMI reading since May. source: home Builder Confidence Hits Five-Month High