Builder Confidence Climbs To Highest Level in Five Years

Building on recent momentum, builder confidence for newly built, single-family homes gained two points from last month’s tally, reaching a total of 37, according to the National Association of Home Builders and Wells Fargo.

The new number comes on the heels of July’s six-point climb — the largest gain in more than a decade — and brings the index to its highest level since February 2007.

Housing Market — Home Depot Recovery

Home Depot, reported impressive second-quarter earnings on Tuesday. The nation’s biggest home-improvement chain notched $1.5 billion in net earnings on $20.6 billion in sales—better than last year’s figures, and better than Wall Street’s expectations. By day’s end, its shares had risen 3.58 percent.