Home Builders’ Confidence Up to Pre 2005 Levels

The outlook remains unclear. Building permits, a bellwether of future construction, fell in August after a big increase in July, but they were still up 5% from a year earlier. And a report from the industry trade group the National Association of Home Builders this week showed a measure of optimism among home builders reached the highest level this month since late 2005.

From this Wall Street Journal article..…..(featured image is also from the article)

New Home construction is up in the North Texas area as a result of that confidence.   As detailed in this article from the Builder.

As a percentage of overall housing closings, new home closings made up 11.9%. This marks a rise from 10.7% of total closings a year earlier. Closings of new and existing homes climbed year-over-year in June after also rising in May year-over-year.

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