Login  |  Create Account
Aug 16

Homebuilders Expect A Soft Winter Housing Market

Two months after posting their worst confidence reading of 2011, home builders say they foresee no improvement in the immediate- or medium-term market for new homes nationwide. In August, for the second straight month, the Housing Market Index read 15. The HMI is a monthly housing survey, published by the National Association of Homebuilders. It's┬áscored on a scale of 1-100 with readings over 50 suggesting favorable home builder conditions.┬áReadings under 50 suggest unfavorable … [Read more...]