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SE Grand Rapids News

Thursday, November 7, 2024

SOUTH EAST REAL ESTATE AND HOME: Home Builder Confidence Surges to New Record High as Sales Volume Grows

South East Real Estate and Home issued the following announcement on Nov. 17.

The numbers: The construction industry’s outlook improved again in November, according to research from a trade group released Monday.

The National Association of Home Builders’ monthly confidence index rose five points to a reading of 90 in November, a record high, the trade group said Tuesday. It is the fourth consecutive month that the index has hit a new record high.

Index readings over 50 are a sign of improving confidence. Back in April and May, the index dropped below 50 as pandemic concerns mounted.

Original source can be found here.

Source: South East Real Estate and Home

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