The index measuring building confidence in the market for
new single family homes stopped its three month slide in April, jumping four
points from its March level. National
Association of Home Builders (NAHB) Chairman Tom Woods said, “As the spring
buying season gets underway, home builders are confident that current low
interest rates and continued job growth will draw consumers to the market.
The NAHB/Wells Fargo Housing Market Index (HMI) rose to 56
in April. This is still 2 points below
where it stood at the end of 2014.
The HMI is derived from a survey conducted by NAHB and Wells
Fargo Bank among NAHB’s new home builder-members. The survey, which has been conducted for over
30 years, asks respondents to define their perceptions of current single-family
home sales and sales expectations for the next six months as “good,” “fair” or