Annualized Single-Family Housing Starts dropped 1 percent in January to 413,000 units nationwide, it’s lowest reading almost 2 years. The headlines would have you believe otherwise.
Homebuilder confidence in the market for newly-built, single family homes appears stable as the spring buying season gets underway.
Homebuilder confidence held firm for the second straight month this month, according to the National Association of Home Builders.
Despite an unfavorable HMI reading, home builders might still less willing to “make a deal”; holding out for a better 2011.