The home building market has seen its share of problems in the last decade, but home builder confidence has risen to its highest levels in 12 years.
According to an article on CNBC:
A monthly index of builder sentiment jumped six points to the highest level in 12 years. The National Association of Home Builders/Wells Fargo Housing Market index hit 71 in March, a sizable jump from 58 in March of 2016. Anything above 50 is considered positive sentiment.
“Builders are buoyed by President Trump’s actions on regulatory reform, particularly his recent executive order to rescind or revise the waters of the U.S. rule that impacts permitting,” said NAHB Chairman Granger MacDonald, a home builder and developer from Kerrville, Texas.
Builders are not only pleased with Trump’s first move on water, they also expect further deregulation to bring down construction costs. There are, however, other roadblocks keeping the nation’s builders from producing more homes, which are sorely needed in today’s tight housing market.
source: http://www.cnbc.com/2017/03/15/home-builder-confidence-soared-to-highest-level-in-12-years-as-trump-rolls-back-regulations.html
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