Posted by Sandy Roberts on 3/15/2017 to Real Estate
IncSmart New Mexico (Small Business and Startups) - Sentiment, a term used to describe optimism for the real estate industry, for home builders reached a 12-year high in March, President Trump is giving the industry a green light by his executive order rolling back industry regulations. Trump is also looking at the land grab from the Obama administration for property in New Mexico. Obama changed 500,000 Acres of New Mexico land for the Organ Mountains-Desert Peaks National Monument, a huge win for the drug cartels in Mexico.
Home builders feel a boost after years of low mortgage rates. Building has been slow since the recession. Housing starts are low starting 30 % less over the past 50 years. The National Association of Home Builders’ confidence index jumped 6 points to 71, the highest level since June 2005. A high in the month after the election. Home buyers have also grown to 54 points, the highest since 2005.
By Sandy Roberts
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