Survey shows US homebuilders' confidence and outlook for sales into next year improving
U.S. homebuilders' confidence bounced back strongly this month, suggesting many will ramp up construction and hiring in coming months.
The National Association of Home Builders/Wells Fargo builder sentiment index climbed to 58. That's up from 54 in November and matched an eight-year high reached in August. Readings above 50 indicate more builders view sales conditions as good, rather than poor.
This month, builders' view of current sales conditions jumped to the highest level in eight years, while their outlook for sales heading into next year's spring home-selling season also improved.
Builders' outlook is rising again after dimming during the 16-day partial shutdown. The index is 11 points higher than a year ago, reflecting a U.S. housing market fueled by steady job growth and still-low mortgage rates.
Read more Business News
- Someone is a 'Maxmillionaire' in VernonVernon / N. Okanagan - 3:41 pm
- Lake Country Mayor on the recordCentral Okanagan - 4:38 pm
- Measles outbreak in Fraser Valley BC - 3:23 pm
- Grow-op garage fireKelowna - 9:08 am
|QHR Technologies Inc||1.18||+0.02|
|Anavex Life Sciences||0.42||-0.018|
|Copper Mountain Mining||2.20||-0.09|
|Sunrise Resources Ltd||0.035||+0.005|
|Mission Ready Services||0.295||0.00|
How will you pay for this today? Maybe it’s time to change the way you answer this common checkout question.With more payment options than ever, consumers can find easy ways to save money, simpl...
In the razzle dazzle of Hollywood it is hard to find anyone who stands out from the crowd. The fraternity of Actors, Producers, Directors and various other technical guru’s seem to live in a wo...
This past Sunday I drove from Kelowna to Powell River. For those of you who’ve never had to, particularly in winter, it means rising in the wee hours; managing a treacherous journey on the Coqui...