Homebuilder Confidence Increases In April: NAHB

A gauge of confidence among homebuilders rose in April, according to the National Association of Home Builders/Wells Fargo housing-market index released Wednesday. The overall builder-confidence index increased to 56 in April from 52 in March. Readings over 50 indicate that more builders see sales conditions as good rather than poor. All three components of the index improved in the month. The component charting sales expectations in the next six months jumped five points to 64, the index measuring buyer traffic increased four points to 41, and the component gauging current sales conditions rose three points to 61.