Home Builders Brighten Their View -- a Bit

homebuilder confidence HMI
homebuilder confidence HMI

Homeowners, take heart -- the market shows signs of life yet. For the first time in four months, home builder confidence inched up one point to its highest level since May.

Home builder confidence in new, single-family homes rose to a score of 17 in March, according to the National Association of Home Builders/Wells Fargo Housing Market Index. The last time builder confidence was this high, the controversial 2010 first-time homebuyer tax credit was still driving sales.