A measure of sentiment for builders of new single-family homes in March stayed at the highest level in close to five years after a downward revision to the preceding month, MarketWatch reported after the release of the National Association of Home Builders/Wells Fargo housing market index. An index reading of 28 marked the highest level since June 2007 after a one-point downward revision of February’s data to 28. The component measuring current sales conditions fell a point to 29, but the component measuring sales expectations for the next six months rose 2 points to 36, the highest level in more than four years. The component measuring traffic of prospective buyers stayed at 22. The seasonally adjusted index is designed so that readings over 50 indicate “good” conditions – a level that hasn’t been reached since April 2006.