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Builder confidence slips one point for Northeast in July, two points nationally

Builder confidence in the market for newly-built single-family homes slipped two points in July to a level of 64 from a downwardly revised June reading on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). It is the lowest reading since November 2016.

The HMI rose one point to 47 in the Northeast. 

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