For Builders, Demand and Economy Up; So Are Interest Rates

The outlook from U.S. builders is being buoyed by a strong job market and a sizzling hot economy. The National Association of Home Builders/Wells Fargo builder sentiment index released Thursday read 72 for the second consecutive month. That’s still just 2 points shy of December’s reading, which was an 18-year high for optimism among the nation’s builders. Readings above 50 indicate more builders see sales conditions as good rather than poor. The index has been above 60 since September 2016. The February reading was in line with the expectations of industry analysts, according to a survey by the data firm FactSet.

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Source: U.S. News