Homebuilders’ six-month sales outlook reached the highest level of optimism in more than two years, according to an industry index.

Confidence among US homebuilders advanced to a seven-month high in November on a jump in sales expectations and optimism a Trump administration will ease regulatory burdens.

Key Takeaways An index measuring how homebuilders rate the outlook for sales rose to its highest in more than two years in November after Donald Trump's victory in the 2024 presidential election.Builders may be expecting wealthier buyers to jump into the market now that the extension of Trump's 2017 tax cuts seems inevitable.

A measure of current sales improved to a six-month high and an index of prospective buyer traffic reached the highest level since April. Builders have blamed uncertainty over the presidential election for restraining sales recently,