Despite the volatile mortgage rate environment and overall economic uncertainty, homebuilder confidence slowly continues to rise, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Wednesday.
In March, homebuilder sentiment in the market for newly built single-family homes rose two points from February’s reading, to an index value of 44. This is the third straight month of increases after a year of decreases.
The NAHB/HMI report is based on a monthly survey of NAHB members, in which homebuilders are details ⇒
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