Houston Home Sales, Builder Confidence Jump

From yesterday’s National Association of Home Builders report on builder confidence in December:

Builder confidence in the market for newly built, single-family homes rose for an eighth consecutive month in December to a level of 47 on the National Association of Home Builders/Wells Fargo Housing Market Index (see chart above). This marked a two-point gain from a slightly revised November reading, and the highest level the index has attained since April of 2006.

“Builders across the country are reporting some of the best sales conditions they’ve seen in more than five years, with more serious buyers coming forward and a shrinking number of vacant and foreclosed properties on the market,” observed NAHB Chairman Barry Rutenberg, a home builder from Gainesville, Fla. “However, one thing that is still holding back potential home sales is the difficulty that many families are encountering in getting qualified for a mortgage due to today’s overly stringent lending standards.”

Authored By Mark J. Perry – See the Full Story at Seeking Alpha

Find more articles and gay wedding resources in Texas.

To subscribe to this blog, use the rss feed on the right, or use the form at right to join our email list. You can also email us at info@purpleunions.com. Or find us on Facebook. We’re also tweeting daily at http://www.twitter.com/gaymarriagewatc.

Leave a Reply

Your email address will not be published. Required fields are marked *