Residential News »Phoenix Edition | By WPJ Staff | July 18, 2019.

According to the latest National Association of Home Builders / Wells Fargo Housing Market Index, US builder confidence in the market for newly-built single-family homes rose one point to 65 in July 2019. This marks the sixth consecutive month that feeling levels have held at a steady range in the low-to mid-60s.

"However, they continue to have a long history of building a home, but they do not know how to build a homebuyer's home." NAHB Chairman Greg Ugalde, a homebuilder and developer from Torrington, Conn.

"Even as builders try to kidney," said NAHB Chief Economist Robert Dietz. "The current low-income mortgage rate is likely to be higher, but they are still hesitant due to affordability concerns." Still, suburban markets, where approximately one-third of new construction takes place. "

NAHB has been conducting for 30 years, the NAHB / Wells Fargo Housing Market Index gauges builder perceptions of current single-family home sales and sales expectations for the next six months as "good," "fair" or " poor. " The survey also asks for builders to rate as high as "high to very high," "average" or "low to very low." Scores for each component are then used to calculate a seasonally adjusted index.

All the HMI indices inched higher in July. The index calculating current sales conditions rose to one point to 72, the component weighted up in the next six months moved to one point higher to 71 and the metric charting buyer traffic increased one point to 48.

Looking at the three-month moving averages for HMI scores, the South moved to 68 and the West was also up one point to 72. The Northeast remained unchanged at 60 while the Midwest fell to single point at 56.