National builder confidence in the market for newly-built, single-family homes rose for a fifth consecutive month in September to a level of 40 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). This latest three-point gain brings the index to its highest reading since June of 2006.
In the Northeast, the HMI posted a two-point gain to 30.
NAHB Chief Economist David Crowe said that builders across the country are expressing a more positive outlook on current sales conditions, future sales prospects and the amount of consumer traffic they are seeing than they have in more than five years.
To read the entire NAHB press release, click here