Latest News from News 3

Las Vegas News | Weather | Sports | Traffic - MyNews3

Homebuilder confidence surges in July

A new survey shows U.S. homebuilders are feeling more confident in their sales prospects, reflecting improved demand and stronger sales of new homes in recent months. (Justin Sullivan, Getty Images)
A new survey shows U.S. homebuilders are feeling more confident in their sales prospects, reflecting improved demand and stronger sales of new homes in recent months. (Justin Sullivan, Getty Images)
Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Share
Updated: 7/16 7:19 am

U.S. homebuilders are feeling more confident in their sales prospects for the second half of the year, reflecting improved demand and stronger sales of new homes in recent months.

The brighter sales outlook suggests home construction could pick up in coming months after a sluggish start this year.

The National Association of Home Builders/Wells Fargo builder sentiment index rose this month to 53, up four points from a revised reading of 49 in June.

The latest reading is the highest since January, when it was 56.

Readings above 50 indicate more builders view sales conditions as good, rather than poor.

Builders' view of current sales conditions for single-family homes, their outlook for sales over the next six months and traffic by prospective buyers each increased since June.

 

©2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Share

Slideshows

Popular Right Now:
Body recovered of missing Lake Mead swimmer

Updated: 7/23/2014 9:22:43 PM

2004 Creative Commons photo of Lake Mead (Kjkolb, Copyright 2004 Kjkolb, Creative Commons Attribution-Share Alike 3.0 Unported)
Poll


All content © Copyright 2014 Intermountain West Communications Company. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service
You may also view our Sitemap.

FCC assistance for any person with disabilities can be provided by contacting us at publicfilehelp@mynews3.com

KSNV Profile & Public Inspection Files

2014 NBCUniversal Media, LLC. All rights reserved. Portions by Broadcast Interactive Media

FOLLOW US!


Inergize Digital This site is hosted and managed by Inergize Digital.
Mobile advertising for this site is available on Local Ad Buy.