Builder Confidence Down

Following a strong bump-up in August, builder confidence in the market for new single-family homes edged down this month but remained within the narrow range maintained since this time last year, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI).

The seasonally adjusted monthly gauge of builder sentiment registered a 68 for September, down three points from its month-ago reading.

“This is exactly on par with the index’s year-a

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