How Confident Are Home Builders?
(Smart Money) — GOOD MORNING. Asian shares finished higher, and European markets are rising. US futures are pointing to a positive opening. How are homebuilders feeling? At 10 a.m. today, the National Association of Home Builders will release its Housing Market Index, which tracks builders’ confidence about current single-family home sales, as well as the prospects for sales in the next six months. In May, the index saw its second consecutive monthly increase, rising 3 points to 22, its highest level since August of 2007. That’s an improvement, but still low by historical standards.
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