Home Builder Confidence Hits Five-Month High » Mortgage Masters Group

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U.S. homebuilder confidence rose in August to the highest level in seven months as the industry makes more headway. The National Association of home builders/wells fargo sentiment index rose to 55 from 53 in July, the organization reported today. A reading of at least 50 means the majority of respondents say conditions are good.

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Builder confidence in the market for newly-built single-family homes took a four-point ascent to a level of 68 in October on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). This was the highest HMI reading since May. Source: Home Builder Confidence Hits Five-Month High

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