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Builder Confidence Springs Back with Four-Point August Jump
Builder confidence in the market for newly-built single-family homes rose four points in August to a level of 68 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). “Our members are encouraged by rising demand in the new-home market,” said NAHB Chairman Granger MacDonald, a home builder and developer from Kerrville, Texas. “This is due to ongoing job and economic growth, attractive mortgage rates, and growing consumer confidence.” “The fact that builder confidence has returned to the healthy levels we saw this spring is consistent with our forecast for a gradual ... (full story)