Confidence From Home Builders Drops
While Housing Starts reflect real commitments from home builders, there is another index that asks builders to rate housing conditions and the general economy. Compiled by the National Association of Home Builders, this index is a weighted average of a many indexes, including: present sales of new homes, sales of new homes expected in the next six months, and traffic of prospective buyers in new homes. According to the latest from the NAHB: “Growing inflation concerns and ong