The numbers: The development business’s outlook improved in February amid higher foot site visitors from house consumers, at the same time as the price of constructing properties elevated.
The Nationwide Affiliation of Dwelling Builders’ month-to-month confidence index rose one level to a studying of 84 in February, the commerce group mentioned this week. The modest enhance comes after two consecutive months the place the index has dropped.
Index readings over 50 are an indication of enhancing confidence. Final spring, the index dropped beneath 50 as issues concerning the coronavirus pandemic grew, however the index rebounded and later hit a collection of document highs within the fall.
What occurred: The index that measures sentiment site visitors of potential consumers elevated 4 factors to 72. Comparatively, the outlook concerning present gross sales exercise held regular between January and February, whereas the index of expectations for future gross sales over the subsequent six