U.S. Homebuilders’ Outlook for Spring Sales Surges

The National Association of Home Builders/Wells Fargo index of industry confidence for April reflects a rosy outlook for the spring sales season. Any score above 50 denotes favorable sentiment among builders, and the gauge moved up four points this month to 56. Builders are more optimistic about the prospect of single-family sales over the next six months, with this reading climbing to its highest level since the end of last year. Their perception of current sales conditions and traffic by potential buyers also improved. “This uptick shows builders are feeling optimistic that the housing market will continue to strengthen throughout 2015,” commented NAHB chief economist David Crowe. | Read More