According to the National Association of Home Builders/Wells Fargo Housing Market Index, home-builder confidence has not budged, remaining at a level of 54 this month. November is the 6th month in a row that home builders have agreed that the present conditions in the housing market are good. If levels exceed 50 or above they are considered positive. The Chairman of the NAHB, Rick Judson said, “given the current interest rate and pricing environment, consumers continue to show interest in purchasing new homes, but are holding back because Congress keeps pushing critical decisions on budget, tax and government spending issues down the road.” More here
