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Builder confidence rises in July

Jul 17, 2013
Builder confidence in the market for newly-built, single-family homes rose six points to 57 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) for July. This is the index’s third consecutive monthly gain and its strongest reading since January of 2006.

The HMI for the Northeast showed a four-point gain to 40.

NAHB Chief Economist David Crowe said builders are seeing more motivated buyers coming through their doors as the inventory of existing homes for sale continues to tighten.

To read the entire NAHB press release, click here.
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