TITLE

Confidence at 16-Month High

PUB. DATE
May 2005
SOURCE
Home Textiles Today;5/30/2005, Vol. 26 Issue 37, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article informs that confidence among the nation's home builders remained strong during April, approaching its highest level in the past 16 months, spurred by strong demand for new single-family homes and continued low mortgage rates. The monthly Housing Market Index compiled by the National Association of Home Builders and Wells Fargo Bank moved up three points to a reading of 70, close to the high side of the 67-71 confidence range that builders have held for more than a year. The component of the index which gauges sales of single-family homes rose three points to a level of 76, and the component gauging sales expectations for the next six months came in with a reading of 77.
ACCESSION #
17197894

 

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