November 18, 2024 4:36 am
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Homebuilder confidence strengthens to highest since 2005

Homebuilder confidence
Homebuilder confidence
Workers build a new home at the Pulte Homes Fireside at Norterra-Skyline housing development in Phoenix/ Getty Images

By Michelle Jamrisko | BloombergBusiness

Confidence among U.S. homebuilders rose in September to the highest level in almost a decade, signaling momentum in residential real estate will support growth in the second half of 2015.

The National Association of Home Builders/Wells Fargo builder sentiment gauge rose to 62, the highest level since October 2005, from 61 the prior month, figures from the Washington-based group showed Wednesday. Readings greater than 50 mean more respondents report good market conditions.

Continued:

Related: Mortgage Rates Face Big Potential Volatility Tomorrow/Mortgage News Daily

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