New Home Builder Sentiment Largest Monthly Increase in 10 YEARS: Housing Construction BOOM!

New home builder sentiment has its highest month over month gain in 10 years as builders become bullish on the housing market. The National Association of New Home Builders measures current traffic through new homes, intent to purchase a new home and current new home sales.

The housing market has started into a bull run again as inventory and foreclosures are the lowest they have been in decades. New home builders made record profits in 2022 and will likely be profitable in 2023 as the housing market stays strong despite higher interest rates.

New home construction in Las Vegas is still doing well since up to 80,000 people will be moving to Las Vegas over the next year.

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