The nation's home builders couldn't be happier with President Trump's first move to roll back strict environmental rules.

A monthly index of builder sentiment jumped six points to the highest level in 12 years. The National Association of Home Builders/Wells Fargo Housing Market index hit 71 in March, a sizable jump from 58 in March of 2016. Anything above 50 is considered positive sentiment.

"Builders are buoyed by President Trump's actions on regulatory reform, particularly his recent executive order to rescind or revise the waters of the U.S. rule that impacts permitting," said NAHB Chairman Granger MacDonald, a home builder and developer from Kerrville, Texas.

http://www.cnbc.com/2017/03/15/home-builder-confidence-soared-to-highest-level-in-12-years-as-trump-rolls-back-regulations.html