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Posted To: MND NewsWire
Builders of new single family homes continue to grow more confident about the market for their product according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market survey for December. The Housing Market Index (HMI) derived from the survey rose two points to 47 marking the eighth consecutive monthly gain and the highest level for the index since April 2006. The HPI and its component indices are based on responses of NAHB's home builder members to a series of questions on new home sales activity. They are asked to gauge the current level of single family home sales and their expectation for sales over the next six months each on a scale of "good," "fair" or "poor" and to rate traffic of prospective buyers as "high to very high," "average" or "low to very low." Scores...(
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www.mortgagenewsdaily.com - For more real estate news visit our website at http://www.AzHomeHelp.com
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