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Consumer Confidence
Home builders grow more confident in November
Home builders grow more confident in November

Single-family home builders are increasingly optimistic heading into the holidays, as more potential buyers stroll through their model homes. The National Assn. of Home Builders said Tuesday that its gauge of builder confidence rose four points to 58 this month. Any number higher than 50 indicates more builders see the market for new single-family homes as good rather than poor. “Growing confidence among consumers is what’s fueling this optimism,” NAHB Chairman Kevin Kelly said in a statement. “Members in many areas of the country continue to see increasing buyer traffic and signed contracts.” An improving job market and low mortgage rates have helped...

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