Homebuilders are extremely confident
"Demand for housing is increasing at a consistent pace, driven by job and economic growth, rising homeownership rates and limited housing inventory," said NAHB Chief Economist Robert Dietz. "With these economic fundamentals in place, we should see continued upward movement of the single-family housing market as we close out 2017."
Home builders have not been as pleased with the Republican tax plans in both the House and the Senate. They are opposed to changes in the mortgage interest deduction and property tax deductions. Both, they claim, will make home buying less attractive.