Wood Business

Industry News News
Optimism in U.S. housing market

July 5, 2016 – Home construction in the United States dipped last month, but analysts predict demand for single-family homes will drive growth in the long-run.


July 5, 2016
By Brandi Cowen

The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index climbed two points in June, to 60. This indicates increasing builder confidence in spite of recent economic worries, including the United Kingdom’s decision to leave the European Union.

After a spike in April, new homes sales have returned to trend and builders are reportedly matching the addition of new inventory to the pace of sales.

For more on this story, click here.

Advertisment