Tuesday, July 19, 2011

Battered Home Builder Sentiment Creeps Up

Confidence in the construction industry increased last month, but it is still at record lows. The NAHB/Wells Fargo index measures how many builders think market conditions are favorable. The peak score during the housing boom was above 70; however, now the scores are barely in double figures and unlikely to change quickly. The scores have been steady during the year in a tight range from 13-17.


No comments:

Post a Comment