National Assn of Homebuilders (NAHB) Confidence Index (March 2012)
-Homebuilder Confidence Index value for March was 28.
-February originally reported at 29, but revised to 28.
-March is even after 5 months of gains
-Index highest since May 2007 but still way off from 50+ considered to be healthy market … 50 is dividing line between positive and negative sentiment.
-Last 50+ reading was April 2006
-Here’s a table showing builder confidence from 1985-PRESENT
-And here’s NAHB Confidence vs. New Home Sales 1985-PRESENT by @scottybarber