NAHB index inches higher in August
* The group's index of builder sentiment climbed to 18 in August from 17 in July. That matched the average forecast of economists polled by Bloomberg. It's also the highest reading we've seen since June 2008.
* Among the subindices in the report, the one which tracks present sales was unchanged at 16. The subindex that tracks expectations about future sales popped to 30 from 26, while the subindex that tracks prospective buyer traffic rose to 16 from 13.
* Regionally speaking, there were gains in three out of four geographic areas. The Midwest index climbed to 16 from 14, the West index rose to 17 from 14 , and the Northeast index popped to 24 from 16. The index that tracks activity in the South, on the other hand, dipped to 18 from 19.