Con­fi­dence among home­builders rises

Austin American-Statesman - - BUSINESS -

Con­fi­dence among U.S. home­builders inched up this month, to the high­est level in more than six and a half years, as builders re­ported the best mar­ket for newly built homes since the hous­ing boom.

The Na­tional As­so­ci­a­tion of Home Builders/Wells Fargo builder sen­ti­ment in­dex re­leased Tues­day in­creased 2 points to 47 from a re­vised 45 in Novem­ber. That’s the high­est read­ing since April 2006, just be­fore the hous­ing bub­ble burst.

It has been trend­ing higher since Oc­to­ber 2011, when it stood at 17.

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