Home builders don't suffer from overconfidence
Monday, June 16, 2014 4:00 PM
Builder confidence in the market for newly built single-family homes rose four points in June to reach a level of 49 on the National Association of Home Builders/Wells Fargo Housing Market Index released today. It remains one point shy of the threshold for what is considered good building conditions. The index gauges builder perceptions of current single-family home sales and sales expectations for the next six months as "good," "fair" or "poor."