Builder Confidence Hits New High for 2005

Encouraged by continuing low mortgage rates and robust demand for new homes, single-family home builders are more confident this June than they’ve been all year, according to the latest National Association of Home Builders/ Wells Fargo Housing Market Index (HMI). The index rose one point to 71 in June, its highest level since a similar reading in December 2004.

“The favorable financing climate for new homes is proving too attractive for many buyers to pass up, so builders are staying

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