CNBC’s Nightly Business Report recently featured EYA’s president, Bob Youngentob, speaking about increased sales and the impact on homebuilder confidence. Homebuilder confidence has risen to the highest level in almost a year, as reported by the National Association of Home Builders (NAHB) Housing Market Index. What is driving the surge? The report noted that job creation and tight supply are fueling demand. Mr. Youngentob also added that as interest rates have remained low for quite some time, buyers fear that rates will rise, which has encouraged activity.
Watch the video here, shot on location at EYA’s Brownstones at Chevy Chase Lake sales center in Chevy Chase, MD.