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US: Housing index shows small improvement

Posted on 19 June 2012

David CroweAn index that measures the optimism of U.S. home builders rose slightly in June, according to a survey released Monday. The National Association of Home Builders/Wells Fargo housing index climbed to 29 in June from May’s slightly revised figure of 28. The index for May was originally reported at 29.
Although the latest reading is the highest since May 2007 — prior to the last recession — it’s still well below a level considered healthy. A reading of 50 or better signals that more home builders view conditions as good instead of poor………………………………………..Full Article: Source


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