Builder confidence in the market for newly built, single-family homes rose for a fourth consecutive month in September to a level of 59 on the Housing Market Index.
Builders, designers, and architects weigh in on what they value in relationships with suppliers and which attributes would make them consider trying a new product.
Sales of newly built, single-family homes fell 2.4 percent to a seasonally adjusted annual rate of 412,000 units in July, according to data from HUD and the U.S. Census Bureau.
Markets in 56 of the 350 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity, according to the Leading Markets Index (LMI).
Compared with the second quarter of 2013, the single-family index increased three points to a level of 56, which is the highest second-quarter reading since the inception of the index in 2008.