Property News · December 16, 2016

US homebuilder confidence leaps to 11-year high


Confidence among US homebuilders surged in December to an 11-year high on prospects the election of Donald Trump will translate into a smaller regulatory burden on the industry, according to data Thursday from the National Association of Home Builders/Wells Fargo.
A builder sentiment gauge rose to 70 , the highest since July 2005, from 63. Readings below 50 mean more respondents report poor market conditions. The Index of prospective buyer traffic rose to 53, also an 11-year high, from 47 while…

Source : South China Morning Post
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