The nation’s once-beleaguered home builders are more confident than they have been in six years.
A surge in new orders for homes, especially among the big public builders, pushed builder sentiment on an industry survey up three points to the highest level since June of 2006.
The National Association of Home Buildersconfidence survey now stands at 40, although 50 is still the line between positive and negative. This is a vast improvement from where it was just one year ago: 14.