By Kerri Ann PanchukHomebuilder confidence rose six points in July, its steepest one-month increase in over a decade, according to a new report from the National Association of Home Builders.
The NAHB released the Housing Market Index that it compiled in tandem with Wells Fargo on Tuesday. The report shows the Home Price Index reaching its highest point since March 2007.
The key housing market index gained six points in July, increasing to 35. This is the largest one-month gain recorded by the index in nearly a decade, and brings the HMI to its highest point since March of 2007.
The index evaluates builders' perception of strength when it comes to single-family home sales in the United States.
Read the rest of this story at HousingWire.
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- <p> From Old Town to the Pearl District, residents in <a href="http://bestplaces.coldwellbanker.com/best-places-to-live/or/Portland-PL4159000.html" target="_blank">Portland</a> walk, bike or take the light rail through this scenic city in the Pacific Northwest. With Mount Hood in the background, they enjoy food carts, cheer on the NBA’s Trailblazers and visit one of the many microbreweries, while staying close to great parks and outdoor adventures.<br /> <br /> Photo: <a href="http://www.flickr.com/photos/violetsugar/5579809973/" target="_blank">Flickr/violet sugar</a><br /> <br /> <strong>Find homes </strong><a href="http://realestate.aol.com/homes-for-sale-listings/Portland_OR" target="_blank"><strong>for sale in P</strong></a><strong><a href="http://realestate.aol.com/homes-for-sale-listings/Portland_OR" target="_blank">ortland, Ore.</a></strong></p> <p> <strong>Find homes </strong><a href="http://realestate.aol.com/blog/rental-listings?svar_SEARCHEVENT=yes&svar_ZIP=&svar_CITY=Portland+Ore&svar_STATEABBR=Ore&svar_STATE=Ore&svar_H1TAG=&loc=Portland" target="_blank"><strong>for rent in P</strong></a><strong><a href="http://realestate.aol.com/blog/rental-listings?svar_SEARCHEVENT=yes&svar_ZIP=&svar_CITY=Portland+Ore&svar_STATEABBR=Ore&svar_STATE=Ore&svar_H1TAG=&loc=Portland" target="_blank">ortland, Ore</a>.</strong></p>
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