Builder Confidence Stabilizes In October

Breaking a string of eight consecutive monthly declines, the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), which gauges builder sentiment in the single-family housing market, posted a modest one-point gain to stabilize at a level of 31 in October. Any number over 50 indicates that more builders view sales conditions as good than poor.

“While the index remains at a low level, the single-point increase from September’s reading suggests that builder attitu

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