By Tom Plant   
Posted on Oct 22,2010

Tom Plant's Houston Real Estate Blog

Home builder confidence rose in October for the first time since May.

The National Association of Home Builders/Wells Fargo Housing Market Index rose three points to 16. All three components of the index were up with sales conditions rising three points to 16; six-month sales expectations increasing four points to 23; and buyer traffic climbing two points to 11.

“The new-homes market is finally moving past the lull that occurred when the home buyer tax credits expired and economic growth stalled this summer,” David Crowe, NAHB chief economist, said in a statement. “While challenges such as competition from foreclosures, inaccurate appraisal values, and general consumer uncertainty about the economy and job market continue to be major factors, builders have seen a slight increase in consumers who are considering a home purchase.”

Source: DailyFinance, Joseph Lazzaro (10/18/2010)

Post Category: Home Builders

Join the discussion

To post a comment on this blog post, you must be an HAR Account subscriber, or a member of HAR. If you are an HAR Account subscriber or a member of HAR, please click here to login. If you would like to create an HAR Account account, please click here.

Login to Comment
Disclaimer: The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the Houston Association of REALTORS®

View Q&A Posts in Home Builders


Blog Archive

  • Archive
    •     2014
    •     2013
    •     2012
    •     2011
    •     2010
    •     2009

Texas Real Estate

Counties Cities Neighborhoods Zip Codes