US Oct home builder sentiment up

WASHINGTON, Oct 18 (BestGrowthStock) – U.S. 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)

US Oct home builder sentiment up