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WASHINGTON, DC-The National Association of Home Builders/Wells Fargo Housing Market Index reported that builder confidence in single-family homes posted a five point increase in November to reach 46 out of a scale of 100. It is the seventh consecutive monthly gain and 46 is the highest point reached on the index since 2006. The index, though, adds to the growing anecdotal store of evidence that growth in the red-hot multifamily will surely slacken if it hasn’t already. Probably such talk is accurate, says NAHB chief economist David Crowe—but it is hardly reason for despair. “I think we are moving to a place where both single-family homes and multifamily will grow at the same pace,” he tells GlobeSt.com.

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