The Business Times

International

The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

International

SUBSCRIBERS

Home builder sentiment at highest since 2005

Reading of key gauge in July indicates residential real estate market may be picking up speed

Published Thu, Jul 16, 2015 · 09:50 PM
Share this article.

Washington

CONFIDENCE among US homebuilders held in July at the highest level since November 2005, indicating the residential real estate market may be picking up speed.

A reading of 60 in the National Association of Home Builders (NAHB)/Wells Fargo sentiment gauge followed a June figure that was revised higher, the Washington-based group reported on Thursday. A measure above 50 means more respondents said conditions were good.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

International

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here