Each month for the past 25 years the National Association of Home Builders and and Wells Fargo send out a national survey to builders trying to gauge their confidence levels in current and future sales. Builders are asked to determine how they see the housing market now and how they predict it will be in six months.
November's numbers are in and builder confidence has stabilized after dropping off the past two months. Even with the lower numbers the past two months, the previous 6 months in a row saw more builders optimistic about the market than before.
Consumer interest in new homes remains steady because of low interest rates and pricing although it has been dampened by policy and economic uncertainty.
Increased builder confidence is a positive sign for the recovering housing market at this time and going forward into 2014.