Home Builders Index Creeps Up in September
The home builders index inched up in September as people rushed to take advantage of the $8,000 first-time home buyer credit, which expires at the end of November, the National Association of Home Builders reported this afternoon.
The index number moved from 18 in August to 19 in September, which means about one in five builders thinks the market is good.
Breaking down the index, both the current sales and buyer traffic index numbers ticked up a bit but the prospective sales index inched downward.
Taken in all, the number represents a weak housing market trying to stabilize.
The association wants the $8,000 tax credit extended.
-- Frank Ahrens
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September 16, 2009; 2:04 PM ET
Categories: The Ticker | Tags: National Association of Home Builders, home sales
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