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NAHB Shows Strong Housing Demand
The National Association of Home Builders (NAHB) has released new data showing a strong housing market with nationwide housing starts rising 3.3% in November. Data also revealed that single-family housing starts were 5.3% higher in November and 8.7% higher over the same period last year.
NAHB also pointed out that builder confidence increased five points in December to 74. Anything over 50 indicates that more builders view market conditions as good than poor. In another sign of improving conditions, total attendance at the International Builders Show which ran from Jan. 6-11 was up five percent over last year.