The nation in brief

NATION

Threat of foreclosure rose 24% in first quarter

WASHINGTON — The number of American households threatened with losing their homes grew 24 percent in the first three months of this year and is poised to rise further as major lenders restart foreclosures after a temporary break, according to data released today.

The faltering economy is causing the housing crisis to spread. Nationwide, nearly 804,000 homes received at least one foreclosure-related notice from January through March, up from about 650,000 in the same time period a year earlier, according to RealtyTrac Inc., a foreclosure listing firm.

Home builders optimistic

LOS ANGELES — Home builders are feeling a lot more optimistic that the worst housing downturn in decades may be finally starting to turn around.

An index of builders’ confidence released Wednesday posted its biggest one-month jump in five years in April as many home buyers seized on lower prices and incentives and took advantage of lower interest rates and tax credits. The National Association of Home Builders/Wells Fargo housing market index climbed five points to 14. Though still near historically low levels, the latest index reading is the highest since October.

Associated Press