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Builder confidence rises in June

Jun 16, 2014
Builder confidence in the market for newly-built, single-family homes rose four points in June to reach a level of 49 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). It remains one point shy of the threshold for what is considered good building conditions. 

The HMI for the Northeast edged up one point to 34 in June. 

NAHB Chairman Kevin Kelly said after several months of little fluctuation, a four-point uptick in builder sentiment is a welcome sign and shows some renewed confidence in the industry.

To read the entire NAHB press release, click here.
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