Confidence among U.S. builders ticked up this month to a five-year high, an indication that the housing market is slowly improving.
U.S. builders started work on more homes and apartments last month and requested more permits to build single-family homes. The increases suggest the battered housing market is healing.
U.S. homebuilders are growing a little less pessimistic about the depressed housing market after seeing more people say they might be open to buying a home this year.
By DEREK KRAVITZ AP Real Estate Writer WASHINGTON (AP) — Homebuilders are just as pessimistic about the depressed housing market as they were two years ago. The National Association of Home Builders reported Monday that its index of builder sentiment in August was unchanged at 15. The index has been below 20 for all but [...]
By Alex Veiga AP Real Estate Writer Los Angeles — U.S. homebuilders battered by the worst summer for home sales in a decade are already looking ahead to spring, saying they feel somewhat more optimistic about the prospect for an uptick in sales. The National Association of Home Builders reported Tuesday its monthly index of [...]