US home builder sentiment rises for a third straight month in November, reaching the highest level since May but remains below the neutral 50 mark. “With the elections now in the rearview mirror, builders are expressing increasing confidence that Republicans gaining all the levers of power in Washington will result in significant regulatory relief for the industry that will lead to the construction of more homes and apartments,” says Carl Harris, chairman of NAHB, which publishes the data. “This is reflected in a huge jump in builder sales expectations over the next six months.”
