Home Builders’ Confidence at Another Five-year High (KBH, LEN, ITB)
Filed under: Real Estate
Positive signals continue to issue forth for US home builders. The National Association of Homebuilders (NAHB)/Wells Fargo housing market index rose 2 points in August, to 37, the highest index reading since February 2007. An index reading below 50 indicates that more builders view sales conditions as poor than view them as good. Still, the reading is much better than expected.
The August gain follows a 6-point increase in July, and led the NAHB’s chairman to note:
This fourth consecutive…
Home Builders’ Confidence at Another Five-year High (KBH, LEN, ITB) originally appeared on DailyFinance.com on 2012-08-15T11:58:00Z.
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