October 18, 2010 / 2:08 PM / 7 years ago

October home builder sentiment up

<p>Construction worker Trent Gardner carries a column to be installed on a new home in Matthews, North Carolina, April 15, 2010. REUTERS/Chris Keane</p>

WASHINGTON (Reuters) - Home-builder sentiment rose for the first time in five months as builders are starting to see “some flickers of interest” among potential buyers, according to a survey on Monday that continued to show weakness in the housing market.

The National Association of Home Builders/Wells Fargo Housing Market Index rose more than expected to 16 from last month’s 13.

Economists polled by Reuters expected a rise to 14.

A reading above 50 indicates that more builders view sales conditions as good than poor. The index has not been above 50 since April 2006.

Reporting by Corbett B. Daly; Editing by Theodore d'Afflisio

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below