Sep
19
Confidence Among U.S. Homebuilders Climbs to an 11-Month High
ByConfidence among U.S. homebuilders rose to an 11-month high in September, indicating the housing market will continue to advance, according to data Monday from the National Association of Home Builders/Wells Fargo.
Key Points
- Builder sentiment gauge increased to 65 (forecast was 60) from a revised 59; readings greater than 50 indicate more respondents reported good market conditions
- Gauge of prospective buyer traffic rose to 48, the highest since November, from 44
- Measure of six-month sales outlook climbed to an 11-month high of 71 from 66
- Index of current sales rose by 6 points to 71, the best reading since October 2005…
Confidence Among U.S. Homebuilders Climbs to an 11-Month High