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Housing market

Published Sunday, January 01, 2006

RESPONDING to sharply lower measures of consumer confidence, as well as rising mortgage rates and other factors in recent months, single-family home builders are adjusting their market expectations downward in late 2005, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for November. The index declined eight points to rest at 60, a level well above the midpoint that indicates the majority of builders still see conditions as positive in their markets, according to the report. “It's important to keep today's report in perspective,” said NAHB President Dave Wilson, a custom home builder from ...

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