After taking a dip to 60 in December, builder confidence in the market for newly built single-family homes has remained steady in the first month of the new year, according to the National Association of Home Builders/Wells Fargo Market Index.
The NAHB expects 2016 to be a year of growth for the residential construction industry in the sectors of single-family, multifamily, and remodeling. EyeOnHousing.com reports that this puts January’s market index reading right in line with the expectations for the year.
Continued job growth is to thank for this trend, as more jobs means a larger demand for housing.
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