Hot news from AZ Home Help:
Posted To: MND NewsWire
The National Association of Builders' (NAHB) measure of builder confidence took a big jump in November, rising to its highest level since May of 2006. The NAHB/Wells Fargo Housing Market Index (HMI) jumped 5 points to 46 , the seventh consecutive monthly gain. The HMI is derived from responses to a survey sent by NAHB to its builder members which asks them to assess the current market for new homes on a scale of "good," "fair," or "poor" and quantify their expectations for the market over the next six months on that same sale. They are also asked to rate the traffic of prospective buyers as "high to very high," "average," or "low to very low." NAHB calculates scores for each component and a composite score. Any number over 50 indicates that more builders view sales conditions as good than poor...(
read more)
Source:
www.mortgagenewsdaily.com - For more real estate news visit our website at http://www.AzHomeHelp.com
No comments:
Post a Comment