BUILDER CONFIDENCE HITS EIGHT-MONTH HIGH

Date February 24, 2007

The confidence level of the nation’s home builders continued to improve this month, reaching its highest level since June 2006, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The increase reflects the continued stabilization of buyer demand, driven in part by lower energy prices, favorable mortgage rates, and employment [...]