US Homebuilder Sentiment Reaches Seven-Month High After Election
- Outlook for sales climbs to highest level in over two years
- NAHB/Wells Fargo gauge of builder sentiment rises to 46
Builders have been using sales incentives to help stoke demand amid limited competition from the existing-home market.
Photographer: Jim R. Bounds/BloombergThis article is for subscribers only.
Confidence among US homebuilders advanced to a seven-month high in November on a jump in sales expectations and optimism a Trump administration will ease regulatory burdens.
A gauge of housing market conditions from the National Association of Home Builders and Wells Fargo climbed 3 points to 46 this month, exceeding all estimates in a Bloomberg survey of economists.