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.

http://www.reuters.com/article/2011/07/18/us-usa-economy-housing-nahb-idUSTRE76H30720110718