U.S. builders are sustaining an optimistic view on gross sales because the financial system improves and demand for houses stays robust.
The Nationwide Affiliation of House Builders/Wells Fargo builder sentiment index launched Thursday remained at seventy two this month. That is nonetheless simply 2 factors shy of December’s studying, which marked an 18-yr excessive for optimism among the many nation’s builders.
Readings above 50 point out extra builders see gross sales circumstances nearly as good somewhat than poor. The index has remained above 60 since September 2016.
The present rating of seventy two was anticipated by analysts surveyed by FactSet.
Builders’ view of present gross sales circumstances fell barely, although the outlook for gross sales over the subsequent six months rose two factors to eighty. A measure of purchaser visitors held regular at fifty four.