New York, NY, United States (AHN) – Could the housing industry be on the mend? According to a report Wednesday from the National Association of Home Builders, it just might be.

The NAHB/Wells Fargo Hosing Market index rose to 25 in January from 21 the prior month.

It was the highest level since 2007, when the housing market was collapsing. After remaining in a tight range for about a year, the index has been showing some signs of life since October, reinforcing optimism that the ailing housing market is finding a bottom.

However, the index is a far reach from the 50 mark, which indicates more builders still view market conditions as poor rather than favorable. The index has not been above 50 since 2006.

The good news is that builders are seeing growing interest among potential buyers helped by rising employment and consumer confidence improvements.

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