Homebuilder Confidence Spike In Context: 1985-PRESENT

Today’s homebuilder confidence was a milestone because 50 is dividing line between positive and negative sentiment, and the June index number released today came in at 52. The last 50+ reading was at the tail end of the housing boom in April 2006, so it’s a good sign indeed, especially when you look at just how bad it got during those bust years. Below is table of all monthly homebuilder confidence index levels since 1985 that provides some good perspective on this number. And here’s today’s full report from NAHB.