Homebuilder confidence rose one point to a score of 84 in February, the National Association of Home Builders said Wednesday. Economists surveyed by Econoday had predicted the measure to remain flat with January’s 83.
Homebuilder confidence set a record high for the third consecutive month.
Homebuilders started construction on new homes at a seasonally adjusted annualized rate of 1.021 million, 12.1 percent higher than a year ago and up 4.1 percent from the prior month. Single family home construction rose in the West and Midwest
Americans are seeking homes outside of the cities in the aftermath of riots, looting, police defunding campaigns, resurgent crime, and months-long lockdowns
Homebuilder confidence unexpectedly jumped higher in December, htting the highest level since 1999.
A warning flare just went up from homebuilders.
