Housing: Builder Sentiment Improves, but Still Fairly Low

Business

0  Updated at 1:18 pm, May 15th, 2012 By: ABC Digital
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Brand X Pictures/Thinkstock(WASHINGTON) — A new report from the National Association of Home Builders is the latest sign the worst of the housing slump may be over.

Builder confidence is at a five-year high; the best it’s been since May 2007, according to a report out Tuesday. Permit requests for new homes and apartments are also up.

The numbers, however, are still significantly lower than where they were during the 2004 housing boom

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