Builder confidence in the market for newly-built single-family homes increased by two points in October to a level of 43 on the National Association of Home Builders/Wells Fargo Housing Market Index.
“While housing affordability remains low, builders are feeling more optimistic about 2025 market conditions,” NAHB Chairman Carl Harris said in a statement. “The wild card for the outlook remains the election, and with housing policy a top tier issue for candidates, policymakers should be focused on supply-side solutions to the housing crisis.”
Index levels below 50 indicate more builders view market conditions as “poor” than “good.”
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