NAHB Reports Rise in Builder Confidence

Now is the perfect time to build that single-family house plan you’ve had your eye on.  The National Association of Home Builders (NAHB) and the Wells Fargo Housing Market Index (HMI) reports a third consecutive monthly gain. During the month of July builder confidence rose six points taking the HMI to 57, the strongest reading since January 2006.

house plan
The Ledoux house plan is European inspired with plenty of charm. With a unique and inviting design, the first floor offers lots of living space. The spacious master suite is located on the first floor with family bedrooms located in the basement. A second level provides a large bonus room and a study loft.

“Builders are seeing more motivated buyers coming through their doors as the inventory of existing homes for sale continues to tighten,” noted NAHB Chief Economist David Crowe in a press release. “Meanwhile, as the infrastructure that supplies home building returns, some previously skyrocketing building material costs have begun to soften.”

The NAHB/Wells Fargo Housing Index gauges builder perceptions of single-family home sales and sales expectations for the next six months as good, fair, or poor. The survey also asks builders to rate traffic of prospective buyers high to very high, average, or low to very low. The scores for each component are then used to calculate a seasonally adjusted index where any number over fifty indicates that more builders view conditions as good rather than poor.

house plan
Check out the Banner Hall 3000 house plan for a more Southern feel. The key design element in this large family house plan is that it allows children access to the upstairs without disturbing the adults downstairs. A rear-loading stairwell allows the kids to access the rear entry or go down to the breakfast table with a minimum of disturbance.

Does this news give you confidence? Think it might be time to build you dream home? Then take a look at these top selling house plans from The House Designers.

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