2014 readers choice results
Article updated: 7/16/2013 9:55 AM

US homebuilder confidence, sales outlook soar

In this Tuesday, July 9, 2013, photo, a worker installs a roof on Tuesday, July 9, 2013, in New Paltz, N.Y. The National Association of Home Builders reports an increase in confidence among U.S. homebuilders for July on Tuesday, July 16, 2013.

In this Tuesday, July 9, 2013, photo, a worker installs a roof on Tuesday, July 9, 2013, in New Paltz, N.Y. The National Association of Home Builders reports an increase in confidence among U.S. homebuilders for July on Tuesday, July 16, 2013.

 
 1 of 1 
 
text size: AAA
By Associated Press

U.S. homebuilders are feeling more optimistic about their home sales prospects than they have in more than seven years, a trend that suggests home construction will accelerate in coming months.

The National Association of Home Builders/Wells Fargo builder sentiment index jumped to 57 this month from 51 in June.

Advertisement

A reading above 50 indicates more builders view sales conditions as good, rather than poor. The index hasn't been that high since January 2006, well before the housing market crashed.

Measures of customer traffic, current sales conditions and builders' outlook for single-family home sales over the next six months vaulted to their highest levels in at least seven years.

Steady job growth, low mortgage rates, rising home prices and tight supplies of homes for sale have supported a recovery in housing this year.

Comments ()
We are now using Facebook comments to offer a more inclusive, social and constructive discussion. Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.
Business Video
Area Business Calendar

BusinessDirectory

Connect with a business or service in your area fast. First select a town, then enter a search term or choose one of the listed popular searches:

Don't see your town listed? Visit our full directory to begin your search.

MostViewed

Today
Yesterday
Most Commented
Top Jobs

    View all Top Jobs Place a job ad

    DHExtras

       
    • Newspaper next section - Newspaper next section Report card checker - report card checker
    • Dh innovation award 2 - Dh innovation award 2 Zillow /real estate page
    • Discuss refer On Guard series
    • Newspaper archives -- Monday or anyday Mike North

    FacebookActivity