It’s out. Oh Boy, is it out! The May National Association of Home Builder’s(NAHB) Report came out yesterday. It details the impressions of actual home builders regarding the current market and a forecast for the coming months. This month the overall index hit 22, a 33 month high, the highest point since August 2007. That’s over a 4 point increase compared to April’s report too.

Builder’s with oodles of personal money and risk on the line are bullish on the housing markets current strength and are very optimistic about the next six months. The current sales index rose to 23, the highest since July 2007. The expected sales index rose to 28, the highest in six months. The buyers’ traffic index rose to 16, also the highest since September. Good News to home sellers there.

All these increases and good feelings, even though the Federal Tax Credit Ended in May, means good things for a lot of people in the coming months. Retailers will see a kick as projects move along and supplies are needed. Labor figures look better as those projects progress. Buyer’s will benefit from the increased supply, competition and choice. Seller benefit from the increased traffic.

Remember, this info is collected this month and published this month. This is how the builders feel right now.

Life is good. All the way around.

Lew McConkey
Focused on Home Buyers and Sellers in Brockton, Abington, Whitman, Hanson, Halifax and East Bridgewater

Rosen Realty
(781)252-9789
Lewmcconkey@rosenrealty.com