Sales optimism at a two-and-a-half-year peak reflects builders' belief that an administration change “will result in significant regulatory relief for the industry,” the NAHB Chair said.
Builders optimistic for the first time since May, reports National Association of Home Builders
As buyers anxiously await lower mortgage rates, home builders cut prices
The NAHB/Wells Fargo Housing Market Index shows the use of sales incentives rose 2% month over month.
Latest data breaks four-month period of gains for HMI Index
NAHB Housing Market Index increases by seven points as mortgage rates drop.
NAHB/Wells Fargo index increases for 7th straight month.
While the NAHB/Wells Fargo Housing Market Index remains low, it rose for the first time since December 2021.
NAHB's latest survey shows 62% of builders are using incentives to bolster sales.
Use of incentives increases as builders try to lure buyers.