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Home builder sentiment at highest since 2005
Reading of key gauge in July indicates residential real estate market may be picking up speed
Add BT as a preferred sourcePublished Thu, Jul 16, 2015 · 09:50 PM
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.
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