Orlando Real Estate News

Builders' are now gaining confidence in the new market. Index showed builder confidence improved in May for the third month in a row, reaching 16 points, up from 14 in April and nine in March.

May is the highest Wells Fargo-National Association of Home Builders' Housing Market Index number has been since September 2008, although any measure below 50 is considered a negative with most home builders viewing the market as negative.

NAHB Chief Economist David Crowe said the rise in the index "indicates that home builders feel we're at or near the bottom of the market and that positive signs lie ahead for builders and potential home buyers, provided that builder access to production credit significantly improves."

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