Wells Fargo builder confidence index for January

Interesting Index

January’s NAHB/Wells Fargo builder confidence index was 60, unchanged from December but down from the recent peak of 65 in October. Moreover, after hitting 57 for the first time since the housing bust in 12/13, the index has moved sideways despite starts rising 16% and single-family starts rising 18%. This suggests prior builder over-optimism, along with increasing starts concentration among fewer builders and continued modest rising future starts growth.

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Elliot F. Eisenberg, Ph.D
GraphsandLaughs, LLC
elliot@graphsandlaughs.net
Cell: 202.306.2731
http://www.econ70.com

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About TARR Report

S.M.A. Publications was formed in 1997 with a mission of providing real estate information for practitioners within the Research Triangle Park area of North Carolina. The company produces the T.A.R.R. Reports which are published monthly, quarterly and annually, covering all aspects of the residential real estate market. The publisher, Stacey P. Anfindsen, has over 23 years of residential experience in the Triangle market. He is an active real estate appraiser, educator and consultant.
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