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15

Confidence Among U.S. Homebuilders Improved in August on Sales

By Tony Seruga

Confidence among U.S. homebuilders climbed in August as steady job growth and low interest rates boosted prospects for the residential real-estate market in the second half of the year, according to data Monday from the National Association of Home Builders/Wells Fargo.

Key Points

Builder sentiment gauge rose to 60 from revised 58
Readings greater than 50 indicate more respondents reported good market conditions and the August figure matched the median forecast
Measure of six-month sales outlook rose to 67 from 66, while index of current sales climbed 2 points to 65
Gauge of prospective buyer traffic eased to 44 from 45…

Confidence Among U.S. Homebuilders Improved in August on Sales

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