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Builder confidence holds steady in April

Apr 15, 2014
Builder confidence in the market for newly-build, single-family homes rose one point to 47 in April from a downwardly revised March reading of 46 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). 

The HMI for the Northeast dropped two points to 33 in April. 

NAHB Chairman Kevin Kelly said builder confidence has been in a holding pattern the past three months but that builders are expecting sales prospects to improve in the months ahead.

To read the entire NAHB press release, click here.
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