NAHB: Builder Confidence increased to 59 in June

The National Association of Home Builders (NAHB) reported the housing market index (HMI) was at 59 in June, up from 54 in May. Any number above 50 indicates that more builders view sales conditions as good than poor. From the NAHB: Builder Confidence Hits Yearly High in June Builder confidence in the market for newly built, single-family homes in June rose five points to a level of 59 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today. This is the highest reading since September 2014. ... "The HMI indices measuring current and future sales......(read more)

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