Consumer Confidence Is Lifting New Home Sales
According to a new report by The Wall Street Journal, the housing market is beginning to see signs of improvement, and much of that has to do with the current growth in consumer confidence.
As the paper points out, new home sales have picked up significantly from last year, with one builder – Taylor Morrison Home Corp. – reporting a 30 percent increase from last year.
“I’ve got to tell you right now, I feel pretty good about what we see in the market in January and how everybody is reacting,” Larry Nicholson, CEO of Ryland, told the paper earlier this month. “I see a lot more positives this year before the Super Bowl than I have in the past, quite a few.”
Image via flickr/Montgomery County Planning Commission