Builder confidence in the market for newly built, single-family homes rose six points to 57 on the National Association of Home Builders/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 "report is particularly encouraging in that it shows improvement in builder confidence across every region as well as solid gains in current sales conditions, traffic of prospective buyers and sales expectations for the next six months," said NAHB Chairman Rick Judson, a home builder from Charlotte, N.C.Click to continue
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