Things are looking up for builders. Despite the NAHB’s confidence index dipping one point in November, the reading is still strong following October’s 20-month high. Some experts think this faith in the market could spark increased productivity, blowing the door wide open for renewed interest in building entry-level housing.
The numbers: Home builders are still quite optimistic about what the future holds for the housing market — but the current state of affairs has given them slight pause.
Despite the monthly decrease, index readings over 50 are a sign that confidence is improving, while a figure below that threshold would signal deteriorating sentiment among builders.