Homebuilder confidence in December rose to the highest level of the year
The National Association of Home Builders/Wells Fargo Housing Market Index of confidence index rose to 84 in December from 83 in November. December marks the highest level of the year, along with February.
December marks the fourth consecutive month of increase, on the back of strong consumer demand, tight inventory and increasing home prices.
The U.S. inventory of active home listings fell -26% in the 12 months through November, over last year, according to Realtor.com.
“Building has increased, but the industry faces constraints, namely cost/availability of materials, labor and lots,” NAHB Chief Economist Robert Dietz said.
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Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
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