US homebuilder confidence vaults to 5-year high

Posted by Bonnie Martin Designated Broker on Wednesday, July 18th, 2012 at 8:34am.


azcentral.com - Confidence among U.S. homebuilders is swelling to a five-year high, with many now anticipating that sales of new homes will strengthen this year even as signs point to a slowing economy.

The National Association of Home Builders/Wells Fargo builder sentiment index surged six points this month to 35, the highest reading since March 2007.

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