A month-over-month improvement in home builder confidence was led by the Northeast, though there are still more pessimistic builders in the region than optimistic.

As of this month, the Housing Market Index — a gauge of single-family builders’ perception of the market for new homes — came in at 68.

Any index that is greater than 50 indicates that more builders view market conditions as good than those who view them as poor.

Source: Mortgage Daily