A builder's business depends on being able to gauge how interested Americans are in buying a house. After all, no one would go through the labor and expense of building a house without feeling confident that they'd be able to find a buyer once it was finished. That's why the National Association of Home Builders measures builder confidence each month. If builders are optimistic and building homes, there's a good chance the overall housing market is also doing well. In December, the NAHB's Housing Market Index – which is scored on a scale where any number above 50 indicates that more builders view conditions as good than poor – reached 76. That's the highest reading since June 1999. Greg Ugalde, NAHB's chairman, said builders are responding to a rebound that began last spring. “Builders are continuing to see the housing rebound that began in the spring, supported by a low supply of existing homes, low mortgage rates, and a strong labor market,” Ugalde said. Among index components, the one measuring current traffic saw the biggest month-over-month improvement, rising seven points to 84.
This is all good news for those looking to buy a home. In the areas of Eastern, NC, people are finding that there are many new homes being built in different sizes, styles and price ranges. This has made it possible for more people to be able to afford to get into the housing market and to find a home with more of the features they are wanting. To see some of the homes available in this area go to: https://www.firstcarolina.com/listings/ or join social media at: https://www.facebook.com/fcrhavelock/. More here.
