The nation’s homebuilder sentiment in November rose slightly for the second straight month though it remains at historically low levels, according to a survey released today.

The National Association of Home Builders/Wells Fargo Housing Market Index rose less than expected to 16 from last month’s downwardly revised 15. October was first reported as 16.

Economists polled by Reuters expected a rise to 17.
A reading above 50 indicates that more builders view sales conditions as good than poor. The index has not been above 50 since April 2006. (Reuters)