Los Angeles Business Journal

Homebuilder Confidence at 5-Year-High

Wednesday, August 15, 2012

U.S. homebuilders grew more confident in the housing recovery in August, as many reported that prospects for sales are the best they've been since the home bubble burst five years ago. The Associated Press reports that the National Association of Home Builders/Wells Fargo builder sentiment index released Wednesday rose to the highest since March 2007.