Largest One-Month Homebuilder Confidence Gain in 10 years Posted on July 20, 2012 by socialmedia by Homebuilder confidence rose six points in July, according to a new report from the National Association of Home Builders (NAHB). This is the largest recorded increase in a decade. In conjunction, the Home Price Index reached its highest point on Tuesday since March of 2007. According to Business Week this exceeded the most optimistic projection in a Bloomberg News survey of 46 economists. NAHB chairman Barry Rutenberg stated, “Builder confidence increased by solid margins in every region of the country in July as views of current sales conditions, prospects for future sales and traffic of prospective buyers all improved. This is greater evidence that the housing market has turned the corner as more buyers perceive the benefits of purchasing a newly built home while interest rates and prices are so favorable.” The industry is being fueled by the record-low mortgage rates and less expensive properties, with many taking advantage of purchasing foreclosed homes. Douglas Yearly, chief executive of luxury homebuilder Toll Brothers, said, “It’s been seven years since this all began to turn down, and you have people that are just ready to move on with their lives, take advantage of great interest rates,” at a June 14th homebuilder conference. “We have all this pent-up demand that has not been in the market. That is coming back out.” Tags: Business Week, Home Price Index, homebuilders, mortgage rates, National Association of Home Builders Categories: Home Buying, Home Selling, Mortgage, Real Estate News Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ Home Property Search Map Search About Me My Recently Sold Videos Contact Me Reset Password Enter the email address for your account and we will email you instructions on how to reset your password Email* Reset My Password × Sign In Email* Password* Sign In Reset Password New to myShorewest? Create an Account First Name* Last Name* Email* Passwords must be at least 8 characters Password* Repeat Password* Create Account × Forgot Your Password? Enter the email address for your account and we will email your password to you. Email* Retrieve My Password × Welcome Back Welcome back to your myShorewest account. Take me to my Account Stay on this page × Save This Search Name Your Search* Send me property updates that match this search Email Frequency Every 2 Hours Daily Weekly Login to Save Search Email* Password* Sign In Forgot password? × Help Me Find A Home First Name* Last Name* Email* Phone** What are you looking for in a home? Help Me Find a Home **By submitting this request with a text number, you acknowledge that you may incur fees for the sending and/or receiving of any subsequent text messages between you and a Shorewest agent. Amount of the fees (if any) is dependent on your wireless service plan. × Help Me Sell My Home First Name* Last Name* Email* Phone** Address Message Help Me Sell My Home **By submitting this request with a text number, you acknowledge that you may incur fees for the sending and/or receiving of any subsequent text messages between you and a Shorewest agent. Amount of the fees (if any) is dependent on your wireless service plan. × What's My Home Worth? Example: N11W44100 River Ln, Waukesha, WI 53186 Get A Home Value × Home Valuation Report × Schedule A Showing , , Please complete the contact information below and we will respond to your inquiry as quickly as possible. Date and Time Preference for showing Date Time First Name Last Name Email If you are currently working with a Shorewest agent, please enter the first few letters of their FIRST name and select from the choices that appear. Preferred Phone #** Agent Name Additional Comments or Feedback Schedule a Showing Or contact me directly at: 414.322.2293 or [email protected] **By submitting this request with a text number, you acknowledge that you may incur fees for the sending and/or receiving of any subsequent text messages between you and a Shorewest agent. Amount of the fees (if any) is dependent on your wireless service plan. × Property Notes History Notes for: 2370 N. 100th St., Wauwatosa, WI 53226 MLS #: 23156413 ADD A NEW NOTE Add Note × Property Notes History × Edit Your Property Price Tracker Tracker for W179051 N907151 County Road 187, Chippewa Falls, WI 53224 Set a Price Tracker for this property by entering your target price below. You can esily view your price trackers from your Price Tracker page. Save Price Tracker Price Tracker History Remove tracker Price Tracker for: $10,200,000 Price Tracker for: 12/21/2015 Days On Market: 62 Days Original List Price: $13,000,000 Current Property Price: $12,200,000 Remove tracker ×