The National Association of Home Builders has revealed that builder confidence levels have reached their highest point since May 2010, after the Housing Market Index rose for the third consecutive month in December.
The organization admitted that builder confidence remains low compared to pre-recession levels, but pointed to the consistent growth over the past few months as a good sign for the future.
"This is the first time that builder confidence has improved for three consecutive months since mid-2009, which signifies a legitimate though slowly emerging upward trend," said NAHB chief economist David Crowe. "While large inventories of foreclosed properties continue to plague the most distressed markets and consumer worries about job security and the challenges of selling an existing home remain significant factors, builders are reporting more inquiries and more interest among potential buyers than they have seen in previous months."
Builders who plan to be busy in the new year should prepare for any upcoming jobs by making sure they have all the equipment they need. The auction site IronPlanet is a great resource for buyers looking to shop used construction equipment and vehicles without breaking the bank. The site's IronClad Assurance provides detailed inspection reports for every vehicle that carries the IronClad symbol on its info page, ensuring that shopper know exactly what they're getting when buying an item online.
