• Mar 15, 2017 Trump, regulation cuts boost home builders confidence
    Alan Bermudez
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    Home builders’ confidence has jumped to its highest levels since 2005.

    That is according to a new home builders survey from the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This is the highest reading since June 2005.

    Donald Trump

    Donald Trump

    WIKIMEDIA COMMONS

    “Builders are buoyed by President Trump’s actions on regulatory reform, particularly his recent executive order to rescind or revise the waters of the U.S. rule that impacts permitting,” said NAHB Chairman Granger MacDonald, a home builder and developer from Texas.

    Home builder stocks were mostly up Wednesday.

    That includes Scottsdale-based Taylor Morrison Homes (NYSE: TMHC)

    Taylor Morrison is up more modest 3.68 percent so far this year, according to Google Finance.

    New home builders still have to deal with expected interest rate hikes, a pullback in homeownership rates and labor issues.

    “While builders are clearly confident, we expect some moderation in the index moving forward,” said NAHB Chief Economist Robert Dietz. “Builders continue to face a number of challenges, including rising material prices, higher mortgage rates, and shortages of lots and labor.”

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      Alan Bermudez

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