Homebuilder Confidence on the Rise

A positive sign is emerging for the housing market: homebuilders are feeling more confident today than they have

for the past five years. Large public builders are showing spikes in new orders for single‐family homes, according to

recent earnings reports, while banks continue to modify troubled loans, easing competition from foreclosures. As a

result of the rising sentiment, homebuilder stocks have risen more than 52% year to date on the S&P Homebuilder

Index and up nearly 50% from one year ago, according to CNBC.