Homebuilders haven’t been this
confident about sales, the outlook of future sales, and buyer traffic
since June 2006, which is right before the housing crisis took hold, a
new index shows.
Plus, homebuilders expect the housing recovery to strengthen
within the next six months.
Homebuilders say they’ve experienced some of the best sales levels
than they have in six years, and buyer traffic has returned to May 2006
levels, the index shows.
The index has been edging higher since last October, coinciding with reports that show sales and home prices inching up too.
Source: “Index of US Homebuilder Confidence Improves; Builders Anticipate Sales Strengthening into '13,” Associated Press (Sept. 18, 2012)