Things are looking up for builders. Despite the NAHB’s confidence index dipping one point in November, the reading is still strong following October’s 20-month high. Some experts think this faith in the market could spark increased productivity, blowing the door wide open for renewed interest in building entry-level housing.
The numbers: Home builders are still quite optimistic about what the future holds for the housing market — but the current state of affairs has given them slight pause.
The National Association of Home Builders’ monthly confidence index dipped one point to 70 in November, the trade group said Monday. The previous month’s figure had represented a 20-month high.
Despite the monthly decrease, index readings over 50 are a sign that confidence is improving, while a figure below that threshold would signal deteriorating sentiment among builders.
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