Thu, 16 Aug 2012 13:02:45 GMT
U.S. builder confidence rocketed to a 5-year peak
Builder
confidence in the U.S. property market rocketed to a 5-year peak in August,
with NAHB Housing Market Index climbing 2 points to 37. Despite the improvement, any reading below 50
indicates that more builders view conditions as poor than good. As the Index rose to its highest reading since
February 2007, current sales conditions added 3 points to 39, while the
component, which measures