Builders Upbeat

Confidence among builders is at its highest level since June, 2007, yet another sign that the new-home market is finally perking up after coming off some of its darkest days on record this past year.

For the fourth consecutive month, builder sentiment for newly built, single family homes was on the rise, according to the National Association of Home Builders and Wells Fargo Housing Market Index.

More encouraging is that the latest increase in January is “universally represented across every index component and region” said Bob Nielsen, NAHB chairman.

There have now been several months of gains in single family housing starts and sales indicating a gradual but steady improvement for the housing markets nationwide.