Aug
15

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

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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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