Builders’ confidence in the market for new single-family homes crept up in January, as the National Association of Home Builders’ housing market index moved to 9 from a record low of 8 last month, the group announced yesterday.
Thomson Reuters’ poll of economists predicted a level of 8.
The current single-family home sales index rose to 7 from 6, while the sales expectations index for the next six months slid to a record low 15 from 17, and the traffic of prospective buyers index rose to 11 from 8.
