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Homebuilder Confidence Declines (But Still Above 50) As Apartments Keeps Growing Faster Than 1 Units
Tuesday, February 17, 2015 15:43
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wallstreetexaminer.com / by Anthony B. Sanders, Courtesy of Confounded Interest •
Homebuilder confidence slid in February to 55 which is still above 50 (implying that more homebuilders are confident than pessimistic). I pointed out on air that new home sales were not recovering.
So why are more homebuilders optimistic than pessimistic? Apartment starts (5+ unit) are growing rapidly while 1 unit starts are slow to rebound. One reason is the stagnant income is the US which has led to stagnant mortgage purchase applications.
The post Homebuilder Confidence Declines (But Still Above 50) As Apartments Keeps Growing Faster Than 1 Units appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/02/17/homebuilder-confidence-declines-but-still-above-50-as-apartments-keeps-growing-faster-than-1-units/
