Homebuilder sentiment at high point


ASSOCIATED PRESS: Homebuilder sentiment hasn’t been as high as it is now since 2005.

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ASSOCIATED PRESS: Homebuilder sentiment hasn’t been as high as it is now since 2005.

The National Association of Home Builders/Wells Fargo builder sentiment index released Wednesday rose this month to 62, up from 61 in August. The last time the reading was higher was October 2005 at 68.

Readings above 50 indicate more builders view sales conditions as good, rather than poor. The index has been consistently above 50 since July last year, reflecting a gradual rebound in sales of new homes.

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