Homebuilders happiest they have been in seven years
Tuesday, July 16, 2013 1:58 PM
Homebuilder confidence rose more than forecast in July to its highest level since January 2006 as companies grew more upbeat about sales prospects. The National Association of Home Builders/Wells Fargo index of builder sentiment climbed to 57 this month from a revised 51 in June, the Washington-based group said today, Bloomberg reported. The reading surpassed all but one forecast in a Bloomberg survey of 49 economists. The gauge has climbed 13 points in the latest two months, the biggest back-to-back advance since January-February 1992. Read more.