U.S. Homebuilder Optimism Rose to a Record in September

Bloomberg writer Craig Giammona reported today that, “U.S. homebuilder optimism rose to a record in September, with low mortgage rates driving a housing boom that has boosted the pandemic economy.

“A gauge of builder sentiment jumped five points from a month earlier to 83, beating estimates and hitting the highest level in 35 years of the survey, according to the National Association of Home Builders/Wells Fargo Market Index. It was 78 last month, which matched the previous record from 1998.”

The Bloomberg article indicated that, “The index ended 2019 at a 20-year high but plunged in April after social-distancing measures froze home purchases. Builders have bounced back since then, with the housing market an unexpected bright spot in the pandemic-battered economy.”

This entry was posted in Real Estate Law. Bookmark the permalink. Both comments and trackbacks are currently closed.