Home builder's optimistic

For the third straight month, the National Association of Home Builders/Wells Fargo builder sentiment index rose to 57 from 51 in June. The index last reached this level in January 2006. Sales of new homes jumped to the annual rate of 476,000 in May, the fastest rate in 5 years, up 29% from a year ago. An annual rate of 700,000 is considered healthy.