Homebuilder Sentiment Jumps By Largest Amount in a Decade

  • February 15th 2023

by UrbanTurf Staff

✉️ Want to forward this article? Click here.

Homebuilders are growing more bullish about the market. 

The National Association of Home Builders reported Wednesday that homebuilder confidence for newly built single-family homes in February rose seven points to 42, the highest reading since September and the largest monthly gain since June 2013.

"Two consecutive solid monthly gains for builder confidence, spurred in part by easing mortgage rates, signal that the housing market may be turning a corner even as builders continue to contend with high construction costs and building material supply chain logjams," a press release from the National Association of Home Builders said. 

A homebuilder confidence score below 50 is considered negative. Sentiment fell to 31 in December and was at  81 a year ago, before mortgage rates began to rise.

See other articles related to: homebuilder confidence

This article originally published at https://dc.urbanturf.com/articles/blog/homebuilder_sentiment_jumps_by_largest_amount_in_a_decade/20635.

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!