Tuesday, July 16, 2013 11:31 am
News Summary: Builder confidence, sales outlook up
By The Associated Press
THE NUMBERS: The index, based on a survey of 281 builders, rose to 57 from 51 in June. It was the third consecutive monthly gain. A reading above 50 indicates more builders view sales conditions as good, rather than poor.
TAKING MEASUREMENTS: Measures of customer traffic, current sales conditions and builders' outlook for single-family home sales over the next six months vaulted to their highest levels in at least seven years.