Homebuilder 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:
- The Pros and Cons of Buying a New Construction Home
- First-Time Homebuyer's Guide
- How to Shop for Your First Home
- How to Get a Low Mortgage Rate
More on AOL Real Estate:
Find out how to calculate mortgage payments.
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Get property tax help from our experts.
