The National Association of Home Builders/Wells Fargo Housing Market Index, which was released today, showed that homebuilder confidence increased in the month of April. According to the index, builder confidence in the market for newly built, single-family homes in April rose four points to a level of 56.
“As the spring buying season gets underway, home builders are confident that current low interest rates and continued job growth will draw consumers to the market,” said NAHB Chairman Tom Woods.
“The HMI component index measuring future sales expectations rose five points in April to its highest level of the year,” said NAHB Chief Economist David Crowe. “This uptick shows builders are feeling optimistic that the housing market will continue to strengthen throughout 2015.”
