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Housing Market Confidence Jumps 3 Points

Housing Market Confidence Jumps 3 Points

| May 17, 2013 | Housing Market

According to the National Association of Home Builders Index,  housing market confidence has increased 3 Points from April to May averaging around 44 Points. The chairman of the building association,  Rick Judson said, “builders are noting an increased sense of urgency among potential buyers as a result of thinning inventories of homes for sale, continuing affordable mortgage rates and strengthening local economies.” Additionally, the current-sales Index gained 4 Points this month and future expectation of home sales also increased 1 point, reaching  its highest average since early 2007. More here

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