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.
Most Popular... This Week • Last 30 Days • Ever
The storied unit along P Street is now looking for a new owner.... read »
There are five projects in the works around Audi Field which could bring nearly thous... read »
The news anchor dropped the price for his sprawling DC home, but it still could set a... read »
DC is getting close to meeting Mayor Muriel Bowser's goal of producing 36,000 new ho... read »
The development pitched for the site of a Goodwill store in Arlington got the key app... read »
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!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro