Homebuilder confidence experiences largest one-month gain in a decade

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New home sales surged 18.6 percent in May to a seasonally adjusted annual rate of 504,000, the highest level in six years, while sales of previously owned homes rose 4.9 percent, the biggest one-month gain in nearly three years, to a rate of 4.89 million homes.

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Meritage Homes, a publicly traded homebuilder that was recently ranked as the 10th largest U.S. homebuilder (based on number of home closings) has always focused on cutting costs while carefully managing projects and tracking progress.

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U.S. homebuilder confidence eased in November from decade high.. a home builder from Blue Springs, Missouri.. the largest monthly gain this year, while the jobless rate fell to a seven-year.

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Homebuilder confidence experiences largest one-month gain in a decade Builder confidence for newly built, single-family homes has risen a total of six points this month, bringing the total to 35 – the largest one-month gain in more than a decade and the highest.. The average 15-year fixed-rate mortgage rate hit a new all-time low for a second straight week, dropping to 2.56% from 2.61% a.

Builder confidence in the market for newly built, single-family homes rose six points to 35 on the National Association of Home Builders(NAHB)/Wells Fargo housing market index (hmi) for July, released today. This is the largest one-month gain recorded by the index in nearly a decade, and brings the HMI to its highest point since March of 2007.

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