As reported by CNBC, new data from the National Association of Home Builders/Wells Fargo Home Market Index shows homebuilders are seeing more positive signs in the market. The index, which measures homebuilders’ view of the overall market, rose to 35, confirming a four-point increase from the previous month. This is the first time in the last year that index sentiment has risen at all. 35 is still treading negative sentiment territory (as is anything below 50), but the small uptick means more people are starting to feel more comfortable investing and buying a home. It is a positive sign that indicates
To really understand the difference, consider that homebuilder sentiment ranked 83 in January 2022. A steady positive rise would mean the index hit a low last month, which could indicate better prospects for the future. The report shows improvements across all aspects of the index, including current market sales, expected sales over the next six months, and the number of buyers willing to buy new properties.
