(Exert from the Wall Street Journal
online on Jan 18, 2012. Written by Mark Gangloff)
Well, it only took about 7 years, but home builders seem to be once again on the upswing.
The NAHB this morning said its index of home builder sentiment jumped 4 points to 25, which is still extremely low — 50 is considered breakeven, and the index topped out above 70 back in the good old bubble days.
But that is the highest sentiment reading since June 2007.