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Tuesday, July 16, 2013

Homebuilder Sentiment Reached Highest Level Since January 2006

According to the NAHB, homebuilder sentiment improved in July as the index rose 6 points to 57. The index reached its highest level since January 2006 and is the third consecutive monthly gain. The details of the report were good as well, with all three components of the report showing improvement from the previous month, particularly current sales conditions.

All four of the housing market regions in the U.S. showed improved builder confidence. , only the west declined from April. The Midwest showed the most improvement and grew to an index of 54.

Read the NAHB release.

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