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HOMZ - U.S. New Home Market Set To End 2019 On High Note
Hoya Capital Housing
Things are looking up for new homebuilders in the U.S. at the end of 2019, marking a strong contrast with how 2018 ended.
Home builders are closing out 2019 more optimistic than they've been in decades.
The National Association of Home Builders' monthly confidence index increased five points to 76 in December from an upwardly-revised 71 the month prior, the trade group said Monday. December's figure represents the highest index reading since June 1999.
At this point, we only have sales data through October 2019, but the trend for new home sales is clear,