Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty

Home Builder Confidence Rose In June

WASHINGTON (UPI) — A U.S. home builders confidence index made solid gains in July after climbing above break-even in June, a trade group said.

The National Association of Home Builders/Wells Fargo Housing Index climbed above 50 for the first time in more than seven years in June.  Readings above 50 indicate more builders view sales as good than poor, the NAHB said.

The trade group in June called breaking 50 a major milestone. The index added another six points to 57 in July, the trade group said.

Many economists are saying gains in the U.S. housing market are providing much of the substance to the economic recovery, as families see their wealth rising when their home equity rises.

That confidence appears to be circling around, pushing consumers to consider or place orders for new homes.

“Builders are seeing more motivated buyers,” said NAHB Chief Economist David Crowe, who noted that some “previously skyrocketing building material costs have begun to soften.”

“Today’s report is particularly encouraging in it shows improvement in builder confidence across every region,” added NAHB Chairman Rick Judson in a statement.

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

Facebook Conversations

Join the Discussion:
View Comments to “Home Builder Confidence Rose In June”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at


Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.