It’s been 10 years since home builders have been this bullish about sales

Home builders’ confidence in the housing market jumped five points in June, as their sales outlook improved to its highest level since 2005.

That’s according to the National Association of Home Builders’ monthly Housing Market Index, which jumped five points in June to 59. The index is based on what builders say about current sales, sales expectations for the next six months, and how many potential buyers they’re seeing. All of those components gained, but both sales indices were especially… …read more