Home Builder Confidence Back to Pre-Coronavirus Levels

Builder confidence in the market for newly built single-family homes jumped 14 points to 72 in July, the National Association of Home Builders reported yesterday, calling it a “strong signal” that the housing market is ready to lead a post-COVID economic recovery.

Dealmaker: CBRE Closes $71M

CBRE, Los Angeles, closed $71.3 million in office and retail transactions in Scottsdale, Ariz.

June Builder Confidence Surges Following Shaky Spring

Two months ago, the National Association of Home Builders/Wells Fargo Housing Market Index suffered its biggest one-month drop in history, falling by more than 40 points to an eight-year low. This month, the Index rebounded back into positive territory.

Home Builder Confidence Suffers Historic Drop

The economic effects of the coronavirus clobbered the home building industry this month, with the National Association of Home Builders reporting its Housing Market Index plunged a record 42 points to its lowest reading in nearly eight years.

The Week Ahead

Consumer Financial Protection Bureau Director Kathy Kraninger appears before the Senate Banking Committee this Tuesday, Mar. 10 to deliver The Bureau’s Semi-Annual Report to Congress.