» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X

Forgot your password?
Skip Navigation LinksHome > Article
VOL. 41 | NO. 45 | Friday, November 10, 2017

US homebuilder sentiment rises in November

The Associated Press

Print | Front Page | Email this story

U.S. homebuilders are feeling more optimistic this month, reflecting a recent rebound in sales of newly built homes.

The National Association of Home Builders/Wells Fargo builder sentiment index released Thursday rose two points to 70 this month. That's the highest reading since March.

Readings above 50 indicate more builders see sales conditions as good rather than poor. The index has remained above 60 since September of 2016.

According to the latest survey by FactSet, the index exceeded expectations for a reading of 68 among industry analysts.

Readings gauging builders' view of single-family home sales rose from October, while an outlook for sales over the next six months fell. A measure of traffic by prospective buyers also rose.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email  
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0