Builder confidence continues to rise in September

Builder confidence in the market for newly-built, single-family homes rose for a fourth consecutive month in September to a level of 59 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). This latest four-point gain brings the index to its highest reading since November of 2005.

Builder confidence also rose across every region of the country in September. The Northeast posted a three-point gain to 41. To read the entire NAHB press release, click here.