Home builders’ optimism wavers slightly, but they remain largely upbeat on the housing market’s future

The numbers: Home builders are still quite optimistic about what the future holds for the housing market — but the current state of affairs has given them slight pause.

What happened: Home builders have grown more confident throughout 2019, largely on the heels of the more favorable interest-rate environment that emerged in late summer. Also see: One year after Amazon’s HQ2 announcement, here’s what happened to house prices in Northern Virginia What they’re saying: “We continue to believe consumers remain highly-attuned to price and field conditions remain competitive in most major markets, but that pricing power for builders may be nudging higher, as it may also be for land sellers serving these builders,” BTIG Research homebuilding analyst Carl Reichardt, Jr. and REIT analyst Ryan Gilbert wrote in a research note based on a survey of small- and medium-sized home builders released Monday.

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