- In the monthly poll, home builders say they are feeling more confident this month about finding buyers for new single-family homes than they have felt in five years.
- The National Association of Home Builders and Well Fargo uses a scale of 0 to 100, and a number below 50 still means more builders are downbeat than upbeat.
- In a statement that seems to warn that the number could go down again, NAHB noted that the June index might have been even higher if the most-recent economic news had been better than it was.
From the article: The NAHB/Wells Fargo Housing Market Index measuring builder confidence reached a five-year high point in June, hitting 29 for the first time since May 2007, according to data released today by NAHB. Month-to-month, the composite index score rose from a downwardly revised May 2012 score of 28.