Confidence among U.S. homebuilders increased in March to the highest level since May 2010 as more firms anticipated stronger sales in the next six months, a sign the housing market is stabilizing.
The National Association of Home Builders/Wells Fargo sentiment index rose to 17 this month from 16, data from the Washington-based group showed today. Measures of traffic of prospective buyers and current purchases were unchanged from January. Readings below 50 mean more respondents said conditions were poor.
“Prevailing indicators portend some ...Continue Reading →