As the first quarter of 2017 showed an increase over the same period last year, April’s numbers dipped. Analysts suggest this may be a mild correction for the unusually active March. Projections continue to be positive for the rest of the year based on the strength of the industry and the level of consumer confidence.
*The NAHB/Wells Fargo Housing Market Index is strictly the product of NAHB Economics and is not seen or influenced by any outside party prior to being released to the public. HMI tables can be found at nahb.org/hmi. More information on housing statistics also is available at housingeconomics.com.
Source: Permit data provided by Wolfe Jackson, The Resource Group LLC