Homebuilder confidence is up, says the Housing Market Index

Homebuilder confidence this September has exceeded expectations, according to the National Association of Home Builders/Wells Fargo Housing Market Index. Your chance to buy a new home may be coming soon!

Homebuilders are feeling better about the housing market than they have all year
“‘Low interest rates and solid demand continue to fuel builders’ sentiments even as they continue to grapple with ongoing supply-side challenges that hinder housing affordability, including a shortage of lots and labor,’ NAHB Chairman Greg Ugalde said. […] ‘Solid household formations and attractive mortgage rates are contributing to a positive builder outlook,’ NAHB Chief Economist Robert Dietz said.”