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

Copyright 2012 ABC News Radio

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