Builder confidence increases slightly for Northeast according to index

Builder confidence in the market for newly-built, single-family homes declined one point nationally to 57, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). This marks the third straight month that the index has hovered in the upper 50s range. In the Northeast, the index was up two points to 47.

NAHB Chief Economist David Crowe said that steady economic growth, rising consumer confidence and a growing labor market will help the housing market continue to move forward in 2015. To read the entire NAHB press release, click here.