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Continued: Survey: Most US homebuilders optimistic about home sales for first time in 7 years

  • Article by: ALEX VEIGA , AP Real Estate Writer
  • Last update: June 17, 2013 - 12:45 PM

A gauge of current sales conditions for single-family homes jumped eight points to 56, the highest level since March 2006, while a measure of traffic by prospective buyers improved seven points to 40.

Builders' outlook for single-family home sales over the next six months increased nine points to 61, the highest reading since March 2006.

On a regional basis, confidence grew strongest among builders in the South, while firms in the Northeast and Midwest also posted a gain. An index of confidence among builders in the West declined by one point.

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