Homebuyers More Serious, Builders Say

Homebuilder confidence is growingHomebuilder confidence is growing as more buyers plan to buy in the near future. The housing market index, an expression of builder sentiment, ticked up slightly in November, according to the National Association of Home Builders.

The second positive move in two months does not reflect a significant traffic increase at model homes but rather an improvement in the level of seriousness that prospective buyers are communicating to builders about their intention to buy in the next few months.

Hardly a rousing vote, the latest data is somewhat underwhelming when considering ultra-low interest rates and the increasing glut of housing inventory.

For more on buying a newly constructed home and related topics see these AOL Real Estate guides:


More on AOL Real Estate:
Find out how to calculate mortgage payments.
Find homes for sale in your area.
Find foreclosures in your area.
Get property tax help from our experts.
Read Full Story

Can't get enough real estate news?

Sign up for Finance Report by AOL and get everything from celebrity homes to renovation tricks delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

Find a home

Buy
Rent
Value
Powered by Zillow