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Wednesday, September 27, 2023
HomeNewsEconomyHMI: Builder Confidence Hits Highest Level Since February 2018

HMI: Builder Confidence Hits Highest Level Since February 2018

Real Estate Market Going Up Concept Illustration. (Photo: AdobeStock)

The NAHB/Wells Fargo Housing Market Index (HMI) rose 3 points to 71 in October, the highest level for builder confidence since February 2018. Forecasts ranged from a low of 66 to a high of 69, with the consensus 68.

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PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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