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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