Sep
19

Confidence Among U.S. Homebuilders Climbs to an 11-Month High

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Confidence among U.S. homebuilders rose to an 11-month high in September, indicating the housing market will continue to advance, according to data Monday from the National Association of Home Builders/Wells Fargo.

Key Points

  • Builder sentiment gauge increased to 65 (forecast was 60) from a revised 59; readings greater than 50 indicate more respondents reported good market conditions
  • Gauge of prospective buyer traffic rose to 48, the highest since November, from 44
  • Measure of six-month sales outlook climbed to an 11-month high of 71 from 66
  • Index of current sales rose by 6 points to 71, the best reading since October 2005…

Confidence Among U.S. Homebuilders Climbs to an 11-Month High

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