According to recent data from The National Association of Home Builders/Wells Fargo Housing Market Index, American new home construction has increased by 22% over the past year, new home building permits – a signal of demand in the near future – have increased hy 27% over the same timeframe and the amount of employment opportunities at home construction companies has jumped 59% – the most since May 2008.
Furthermore, an indicator of confidence among home builders remained the same in January after rising in December to the highest level in more than six years. Released Wednesday, the NAHB/Wells Fargo Housing Market Index maintained a seasonally adjusted level of 47 in January 2013, below a consensus estimate of 48 from analysts polled by MarketWatch. When the index reaches over 50, it means that home builders generally see sales as good rather than poor. Overall, home builders are on a positive path to growth as of the beginning of 2013. (via Ruth Mantell/MarketWatch & Michael Bowman/The Globe And Mail) Read More