Home Builder Sentiment Inches Up in April, But Still Low

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The National Association of Home Builders/Wells Fargo Housing Market Index rose from 46 in March to 47 in April, showing that the home builder sentiment on single-family housing was basically flat. A reading below 50 is an indication that most builders hold a pessimistic view on the market. This is because of tight credit for buyers, as well as shortage of workers and lots, said David Crowe, chief economist of the National Association of Home Builders.

From NRCA

Trenton H. Cotney
Florida Bar Certified Construction Lawyer
Trent Cotney, P.A.
407 North Howard Avenue
Suite 100
Tampa, FL 33606
www.trentcotney.com

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