Midwest Home Builders Optimism About New Home Market Hits Record High in March

Happy home builders?  Wow, I remember those days, back before the real estate bubble and market collapse, boy were those the days!  Well, the good news is, while builders still have their challenges, according to the latest Housing Market Index (HMI) from the National Association of Home Builders (NAHB), builders in the Midwest are more optimistic about the new home market than they have ever been! (or, at least since the beginning of the regional level index records that are published).

The NAHB Housing Market Index is based upon results of a survey done of the builders and other members of the National Association of Home Builders in which members are asked to rate market conditions in 3 ways:

  1. The sale of new homes at the present time
  2. How they feel about selling new homes over the coming six months
  3. The traffic of prospective buyers through their new home displays and developments.

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