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EmailHome-builder confidence edges up
Overall level still low, but gain is seen as positive for industry
March 15, 2011
For the first time in nine months, home-builder confidence increased by one point to 17 out of 100 for March, The Wall Street Journal reported.
Although a 17 on the National Association of Home Builders/Wells Fargo Housing Market Index is still a poor score, the improvement is seen as a victory for the struggling industry.
Stock prices for many home builders are once again in the black, which does lend some support to the index. But analyst reaction varied from cautiously optimistic to neutral and negative.
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