Builder Confidence Hits 10-Year High, Says National Association of Home Builders Photo by Justin Sullivan/Getty Images

Builder Confidence Hits 10-Year High, Says National Association of Home Builders

The NAHB/Wells Fargo Housing Market Index increased one point in September to 62, the highest level in 10 years. Two of the three components increased: The present sales indicator rose one point to 67, and the traffic indicator increased two points to 47. The measure of future sales declined two points to 68, albeit from a two-month sustained level of 70 not seen since late 2005. Regional three-month moving averages were up one point in the Midwest (to 59), the South and West (to 64). The

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