Market Trends: Home Builder Confidence Hits Five-Year High

May 15, 2012 — US home builders sentiment rose in May to the highest level in five years as more potential buyers appeared confident that the housing market has hit bottom. The National Association of Home Builders said Tuesday its housing market index was 29 this month, up five points from a month earlier…and the highest reading since May 2007. (The index grew by six points in the Northeast!)

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