BREAKING : MORE WINNING! Home Builders see a SURGE in Optimism SOARING to an 11-Year HIGH!
People are calling Trump’s victory a “morning in America” moment, where people are waking up and feeling GOOD about their future.
Jobs are returning, the stock market is exploding, consumer confidence is up, and now home builders are feeling more confident than ever – and all of this BEFORE Trump even takes the oath of office!
From Bloomberg:
Following the election, a number of indexes that track confidence have jumped, with respondents citing the potential for deregulation and tax cuts once President-elect Donald Trump takes office as the cause of their increased confidence.
Homebuilders are the latest segment of the economy to testify to this surge in optimism.
The National Association of Homebuilders’ index of sentiment soared to an 11-year highin December, despite the sizable rise in bond yields since the election.
“This notable rise in builder sentiment is largely attributable to a post-election bounce, as builders are hopeful that President-elect Trump will follow through on his pledge to cut burdensome regulations that are harming small businesses and housing affordability,” said NAHB Chairman Ed Brady.
Improvements were made across the spectrum, but the biggest was in a sub-index that tracks homebuilders’ six-month sales outlook, which rose to its highest level since June 2005.
The University of Michigan’s December index of consumer confidence also continued its upward post-election trend, rising to 98. A sub-index that tracks respondents’ opinion of the government’s economic policies spiked to levels not seen since 2009.
Small businesses also “like unified Republican government,” noted Neil Dutta, head of U.S. economics at Renaissance Macro Research LLC.
The National Federation of Independent Businesses’ index of optimism among small businesses posted its sharpest surge since 2009 in November to reach 98.4. An expected improvement in business conditions among small business owners surveyed after Nov. 8 was the largest contributor to the improvement in the headline print.
Amy Moreno is a Published Author, Pug Lover & Game of Thrones Nerd. You can follow her on Twitter here and Facebook here.
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