Momentum Among Builders?
Survey Results as of 07/20/2012:
NAHB's builder confidence index is:
Reflective of what we're seeing in the market.
Despite signs of improvement in housing, window and door executives remain cautious, our poll results suggest. This week, 69 percent of respondents think that builders are overly optimistic about the current state of the economy, and 30 percent of voters say that the uptick in builder confidence is reflective of what they're experiencing in the market. While it's difficult to go against the grain of the majority, I would just take a moment to point out that the builder confidence index is forward looking--the increase in the number basically notes that builders feel better about tomorrow than they do about yesterday or today. And regardless of how business is going today, I think it's a good sign when we can look forward to tomorrow with a more positive outlook.