Home builder op­ti­mism rises

Los Angeles Times - - COMPANY TOWN -

U.S. home builders are feel­ing more op­ti­mistic that sales will perk up in com­ing months as the spring home­selling sea­son un­folds.

The Na­tional Assn. of Home Builders/Wells Fargo builder sen­ti­ment in­dex rose four points to 56 this month, the high­est level since Jan­uary, from a re­vised read­ing of 52 in March.

Read­ings above 50 in­di­cate more builders view sales con­di­tions as good, rather than poor.

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