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Home-builder confidence hits five-year high

Posted on 19 June 2012

Barry RutenbergU.S. home builders’ sentiment increased in June to the highest level in more than five years, the latest in a series of encouraging signs for the housing market. The National Association of Home Builders said Monday its housing market index was 29 this month, up a point from a month earlier and the highest level since May 2007. May’s reading was revised downward by a point to 28.
The uptick “is reflective of the continued, gradual improvement we are seeing in many individual housing markets as more buyers decide to take advantage of today’s low prices and interest rates,” said Barry Rutenberg, the trade group’s chairman and a home builder from Gainesville, Fla………………………………………..Full Article: Source


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