U.S. Home Builder Confidence at Five-Year High in August

The National Association of Home Builders/Wells Fargo index of industry sentiment reflects growing optimism this month, rising to a reading of 37 from 35 in July. While any number below 50 denotes an unfavorable outlook on the housing market, the index has been drifting higher since October, with the most recent score the highest since March 2007. The builder community has benefited from low mortgage rates and fewer unsold properties on the market. | Read More