Pursuits
Confidence Among Homebuilders in U.S. Surges to an 11-Year High
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Confidence among U.S. 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.
The post-election bounce in sentiment among builders is consistent with other data showing American industries are optimistic Trump will make it easier for companies to do business. While homebuilders in all four U.S. regions were more upbeat, the backdrop for the industry includes rising mortgage rates and shortages of available lots and skilled workers.