Builder Confidence at Seven-Month High
Washington, DC, Aug. 18, 2014 -- Homebuilder confidence rose in August to the highest level in seven months, according to the National Association of Home Builders.
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NAHB said its index rose two points to 55, while economists were looking for a flat reading.
Readings above 50 signal that builders, generally, are optimistic about their industry.
August marks the second consecutive month of above-50 readings.
NAHB's measure of builders' views on future sales of single-family homes rose two points to 65 in August, while a barometer of builders' views on present sales rose two points to 58.