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Builder Confidence Hit A 2019 High!

Friday, September 20, 2019   /   by Lauren McGinnis

Builder Confidence Hit A 2019 High!

Right now builder confidence has hit a high for 2019. According to National Association of Home Builders, the Wells Fargo Housing Market Index which measures builders attitudes, has reached a record 68 points this month.

The index has been holding in the mid 60 range since May of this year. Readings that are above 50 points are considered positive and show that builders are confident in moving forward with new construction. Low interest rates and a solid demand are continuing to fuel builders sentiments even thought there have been some ongoing supply challenges that have hindered the affordability of the housing being built. 

National Association of Home Builders (NAHB) Chief Economist Robert Dietz says, "Solid should formations and attractive mortgage rates are contributing to a positive builder outlook. However, builders are expressing growing concerns regarding uncertainty stemming from the trade dispute with China."  NAHB's home building index does indicate that the slow down in manufacturing is not slowing down the growth in rural and exurban areas of the nation at this time.

Builders are able to move forward confidently that there is a demand for new attractive housing in our area right now! The Housing Market Index gauging the current sales conditions also increased to 75 points! With the component measuring the level of prospective buyers holding steady, showing that there is not going to be a slow down any time soon!

Prospective home buyers continue to increase making it a great time to sell your home or lot! If you are interested in what your house or lot would be worth in today's market give us a call and we will be glad to give you all the information you need to make an informed decision. You can call us anytime at 239-542-3332

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"The Cole Team"
Brenda Cole
1337 Cape Coral Pkwy East
Cape Coral, FL 33904
239-542-3332


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2024 Royal Palm Coast REALTOR® Association. All rights reserved. Information has not been verified, is not guaranteed, and is subject to change. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) of the Florida Gulf Coast Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than RE/MAX Nautical Realty IDX logo and detailed information about them includes the name of the listing brokers. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Last Updated: 12/9/2024 11:23 AM CST
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The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations Copyright 2024. Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it. The property information herein is derived from various sources that may include, but not be limited to, county records and the Multiple Listing Service and it may include approximations. Although the information is believed to be accurate, it is not warranted and you should not rely upon it without personal verification.
mls logo© 2024 My Florida Regional MLS DBA Stellar MLS, Inc.. All rights reserved. The data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of My Florida Regional MLS DBA Stellar MLS, Inc. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers' personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.12/9/2024 11:23 AM CST
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