According to the Florida Home Builders Association, builder confidence continues to rise for newly built, single-family homes. Read their article below: "Builder confidence in the market for newly built, single-family homes rose three points to 59 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for August. It’s the fourth consecutive monthly gain and brings the index to its highest level in nearly eight years. “Builders are seeing more motivated buyers walk through their doors than they have in quite some time,” said NAHB Chairman Rick Judson, a home builder from Charlotte, NC. “What’s more, firming home prices and thinning inventories of homes for sale are contributing to an increased sense of urgency among those who are in the market.” NAHB Chief Economist David Crowe added: “Builder confidence continues to strengthen along with rising demand for a limited supply of new and existing homes in most local markets. However, this positive momentum is being slowed by the ongoing headwinds of tight credit and low supplies of finished lots and labor.” Meanwhile, confidence in the remodeling market rebounded in the second quarter of 2013 with the Remodeling Market Index (RMI) rising six points to 55. The rise in existing home sales and increased demand for remodeling projects contributed to the positive report."
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