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Homebuilder Sentiment High, with Concerns for Future

CNBC PUBLISHED TUE, SEP 17 2019 10:00 AM EDTUPDATED TUE, SEP 17 2019 10:54 AM EDT Diana Olick

Confidence among the nation’s homebuilders rose 1 point to 68 in September in the National Association of Home Builders/Wells Fargo Housing Market Index – well above expectations and the highest level of the year.

It is also 1 point higher than a year earlier. The reading for August, meanwhile, was revised upward by a point. Sentiment sank to a recent low of 56 in December, when mortgage interest rates spiked. Anything above 50 on the index is considered here to read more.

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