Builder Confidence on New Construction Hits 11yr High

According to a recent survey conducted by the National Association of Home Builders (NAHB) and Wells Fargo, housing market confidence amongst builders reached an 11-year high last month.

In a recent interview , Rob Dietz, Chief Economist and SVP for NAHB put it this way:

"Higher market confidence will translate into more building and more inventory in 2017. We expect single-family construction to grow 10 percent next year."

2016 was the best year in real estate in over a decade... the 10% ramp-up in single-family homes will only aid in making 2017 an even greater year.

All said there will be a surge of new construction coming to the market soon.

Read the full KCM article

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