01/18/12
Marketplace Index for Wednesday, January 18, 2012
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Episode Description:
Stocks got another push from a surprisingly strong report on the housing market today. The National Association of Home Builders index rose four points to 25, its highest level since June 2007. Any reading below 50 is still a negative outlook, but today's report marked four months of a consecutive increases. Some are asking if we've seen the bottom of the housing market.
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Housing: Builders and buyers gaining confidence
New data from home builders indicate they're feeling more confident, and now that layoffs have slowed, buyers are feeling more secure, too. Still, there are bumps ahead for the housing industry.
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To date more than 60 people have been arrested for schemes and illegal trades as part of the Fed's so-called "Operation Perfect Hedge"
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