Yesterday, the National Association of Home Builders (NAHB) and Wells Fargo announced builder confidence is at the highest index level since May 2007. The index consists of current single-family homes sales, future sales projections, and buyer traffic. NAHB Chief Economist David Crowe commented that even though building has a way to go towards a healthy market, this is a good sign. He says emerging recovery will only get stronger with consumer access to credit, more accurate appraisals, and fair material prices.