Homebuilder sentiment spikes 7 points, Trump has them feeling fantastic

A worker carries lumber as he builds a new home in Petaluma, California. Getty Images
A worker carries lumber as he builds a new home in Petaluma, California.
Getty Images

By Diana Olick | CNBC

Call it the Trump rally in homebuilding — not the stocks, but the sentiment of the builders themselves.

A monthly reading of homebuilder confidence spiked 7 points in December, its first measure done after the presidential election.

The National Association of Home Builders/Wells Fargo Housing Market Index (HMI) rose to 70, the highest level since July 2005. Fifty is the line between positive and negative sentiment. The index has not jumped by this much in one month in 20 years. It stood at 60 one year ago.

Continued:

Share this!

Additional Articles

News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

December 2016
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031