As Buyer Foot Traffic Rises, So Does Homebuilder Confidence
October 19, 2010 by John Abry · Leave a Comment
According to the NAHB, October’s HMI reading of 16 is its highest value in 5 months. The uptick hints that the market for newly-built homes may rebound more quickly that this summer’s weak new homes sales figures would otherwise suggest.
Sagging Homebuilder Confidence Opens The Door For Good Deals
July 20, 2010 by John Abry · Leave a Comment
Remember, it wasn’t too long ago that most builders were flush with home inventory, unable to find willing buyers. To help move product at that time, builders dropped prices and offered incentives including free upgrades. If confidence continues to sag going forward, home purchase deals of that nature may return — especially as the foreclosure market gets larger.