South East Real Estate and Home issued the following announcement on May 18.
The numbers: Confidence among home builders has recovered somewhat after last month’s record-breaking decline even as much of the country remains under stay-at-home orders because of the coronavirus pandemic.
The National Association of Home Builders’ monthly confidence index rose seven points to a reading of 37 in May, the trade group said Wednesday. April’s figure had represented the lowest index reading since June 2012.
“The fact that most states classified housing as an essential business during this crisis helped to keep many residential construction workers on the job, and this is reflected in our latest builder survey,” Dean Mon, the association’s Chairman and a home builder from Shrewsbury, N.J., said in the report.
Original source can be found here.
Source: South East Real Estate and Home
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