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US homebuilders less pessimistic in October

Posted on 19 October 2011

David CroweU.S. homebuilders are less pessimistic about the struggling housing market, but not enough to signal a recovery any time soon. The National Association of Home Builders said Tuesday that its index of builder sentiment this month rose from 14 to 18.
Any reading below 50 indicates negative sentiment about the housing market. It hasn’t reached 50 since April 2006, the peak of the housing boom. The index has been below 20 for all but one month during the past two years……………………………………….Full Article: Source


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