NAHB Study Shows Builder Confidence Continues to Gain Momentum in September

Builder confidence in the market for newly built, single-family homes rose for a fifth consecutive month in September to a level of 40 points on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released earlier this week. This latest three-point gain brings the index to its highest reading since June of 2006.

NAHB Chairman Barry Rutenberg, a home builder from Gainesville, Fla., said in a press release announcing the results, “This fifth consecutive mon

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