Lillian Wong's Blog (1)

Builder confidence highest in 5 years

 

WASHINGTON - -- Confidence among U.S. builders rose to the highest level in five years in May, a hopeful sign that modest improvement in the housing market will pick up.



The National Association of Home Builders/Wells Fargo builder sentiment index rose to 29 in May. That's the highest reading since May 2007 and up from a downwardly revised reading of 24 in April.



The index rose for six straight months…

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Added by Lillian Wong on May 21, 2012 at 6:00pm — No Comments

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