NAHB Builder Confidence Index Slows Down After Four Months of Improvements But Still Indicates Gradual Growth Joe Raedle/Getty Images News

NAHB Builder Confidence Index Slows Down After Four Months of Improvements But Still Indicates Gradual Growth

“While there was a dip this month, builders are still positive about the housing market.” NAHB Chief Economist David Crowe

After four consecutive monthly gains, builder confidence in the market for newly built single-family homes fell five points to a level of 54 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released this week.

“We are seeing a return to the mid-50s index level trend established earlier in the summer, which is in line with the gradual pace of the housing recovery,” said NAHB Chairman Kevin Kelly, a home builder and developer from Wilmingto

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