New-home sales have not been this strong since the late 1970s, but optimism is likely to be tempered by caution as about 30,000 home builders gather for the industry's annual convention in Dallas today.

"We've got to be very careful we don't overbuild," said Rick Porter, president of Atlanta-based Richport Properties Inc.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.