Builders’ confidence in the market for new single-family homes surged in April, as the National Association of Home Builders’ housing market index climbed to 19 from March’s 15, the group announced yesterday.
Thomson Reuters’ poll of economists predicted a level of 16.
“An expected surge in buyer activity leading up to the expiration of the home-buyer tax credits and a gradually improving economy helped to brighten builders’ view of the marketplace in April,” said NAHB chief economist David Crowe.
