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Economic Report: Home builder confidence jumps to record high in August

The construction industry's outlook has continued to improve in August, according to the NAHB's monthly confidence released Monday. Read More...

A construction worker is seen installing a rooftop on to a new home being built in Fairfax, Virginia.

Paul J. Richards/Agence France-Presse/Getty Images

The numbersThe construction industry’s outlook improved again in August after recent record lows, according to research from a trade group released Monday.

The National Association of Home Builders’s monthly confidence index rose 6 points to a reading of 78 in August, the trade group said Monday. The data, usually released at 10 am Eastern, was posted early on the NAHB website.

Index readings over 50 are a sign of improving confidence. The index had fallen below 50 in April and May.

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