Homebuilder confidence is highest since 1999

Fox Business | 1/18/2020 | Audrey Conklin
j.moominj.moomin (Posted by) Level 3
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National Association of Homebuilders president and CEO Jerry Howard argues the 2020s will be a good decade for home building and that President Trump’s policies are helping his industry.

Home-builder confidence in the single-family home market remained at its highest rate since 1999 in January, according to the National Association of Home Builders/Wells Fargo Housing Market Index released Thursday.

Confidence - Month - Point - December - Press

While confidence this month was one point lower than in December 2019, according to a press release from NAHB, the strong overall confidence rate over the course of the last two months highlights a healthy labor market.

"Low-interest rates and a healthy labor market combined with a need for additional inventory is setting the stage for further home building gains in 2020," NAHB Chairman Greg Ugalde, who builds homes in Connecticut, said in a statement.

Builder - Confidence - Levels - Result - Interest

High builder confidence levels could be the result of steady interest and "attractive mortgage rates," home builder association Chief Economist Robert Dietz said, adding that "builders continue to grapple with a shortage of lots and labor while buyers are frustrated by a lack of inventory, particularly among starter homes."

Homebuilders association President Jerry Howard argued that 2020 will be considered the "Roaring Twenties"...
(Excerpt) Read more at: Fox Business
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