November’s builder sentiment reached its highest level since May 2010. Low mortgage rates were cited as a chief factor.
(Gene J. Puskar/Associated Press/File 2011)
Homebuilder sentiment edges up
November’s builder sentiment reached its highest level since May 2010. Low mortgage rates were cited as a chief factor.
(Gene J. Puskar/Associated Press/File 2011)
U.S. homebuilders are feeling a little less pessimistic about the struggling housing market. But their mood hasn’t changed enough to signal a recovery anytime soon. The National Association of Home Builders said Wednesday that its builder sentiment index rose to 20 in November. That’s the highest level since May 2010 and only the second month the index has been at 20 or above in two years. The trade group cited low mortgage rates as a chief factor.
For more from BostonGlobe.com, sign up or log in below
To continue, please sign up or log in to BostonGlobe.com
Access the full articles and quality reporting of The Boston Globe at BostonGlobe.com
Sign up
Unlimited Access to BostonGlobe.com for 4 weeks for only 99¢.
Are you a Boston Globe home delivery subscriber?
Get FREE access as part of your print subscription.
BostonGlobe.com subscriber
Click to continue reading this article or to log in to BostonGlobe.com.
