Builder confidence for newly built single-family homes has hit a 12-year high, partly due to optimism inspired by expectations about what President Donald Trump will mean for the industry, according to the National Association of Home Builders.

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U.S. builders broke ground on fewer homes in April, one month after topping the 1 million mark for the first time since 2008. But most of the decline was in apartment construction, which tends to vary sharply from month to month.

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Confidence among U.S. homebuilders inched upward this month to the highest level in more than 6 1/2 years as builders reported the best market for newly built homes since the housing boom.

Tagged with: builder confidence housing market J.P. Cullen & Sons NAHB

Confidence among U.S. homebuilders remains at its highest level in six years, reflecting improved optimism over the strengthening housing market this year and a pickup in visits by prospective buyers to builders' communities.

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A measure of U.S. home prices jumped 4.6 percent in August compared to a year ago, the largest year-over-year increase in more than six years.

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Home prices kept rising in July across the United States, buoyed by greater sales and fewer foreclosures.

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Average U.S. rates on fixed mortgages have risen for a fourth straight week, remaining slightly above record lows. Cheap mortgages have helped fuel a modest housing recovery this year.

Tagged with: builder confidence mortgages National Association of Realtors

U.S. builders broke ground on the most new homes and apartments in nearly four years last month, the latest evidence of a slow housing recovery.

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