NAHB Index Rises to Highest Level in Decade

NAHB Index Rises to Highest Level in Decade

The NAHB/Wells Fargo homebuilder sentiment index rose to 61 in August, representing the highest level in almost a decade. This is the highest level since November 2005. The index was at 60 over the prior two months. Any reading above 50 indicates positive sentiment on the part of the homebuilders.

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MDC Logs 4Q Earnings Miss

MDC Holdings, which builds under the brand name Richmond American Homes, reported 4Q 2014 earnings of $14.6M or 41 cents per share (adjusted up from 30 cents per share to