Steel Products
August 16, 2013
Builder Confidence at Highest Level in 8 Years
Written by Sandy Williams
Builders are feeling more confident about the housing market according to the National Association of Home Builders/Wells Fargo Housing Market Index. The August Index shows an increase of three points to 59, bringing the index to its highest level in almost eight years.
Of the three components used in the monthly survey to compile the index, current sales conditions rose three points to 62 in August, sales expectations for the next six months rose one point to 68, and traffic of prospective buyers was unchanged at 45.
