Homebuilders More Confident in August

Washington, DC, Aug. 15, 2012 -- U.S. homebuilders grew more confident in the housing market in August.

The National Association of Home Builders/Wells Fargo builder sentiment index released Wednesday rose two points this month to 37, up from 35 in July. That's the highest reading since March 2007.

Any reading below 50 indicates negative sentiment about the housing market.