Homebuilders are feeling better about the housing market than they have all year

Mortgage & Real Estate

Homebuilder confidence came in at 68 points in September, rising from August’s upwardly revised reading of 67, according to the National Association of Home Builders/Wells Fargo Housing Market Index. September’s sentiment level now marks the highest reading since October of last year. NAHB Chairman Greg Ugalde said low interest rates and solid demand continue to fuel builders’ sentiments even as they continue to grapple with ongoing supply-side challenges.