Homebuilders confidence rises unexpectedly

Home-Construction-5By Dees Stribling | MHN Online

Despite sluggish sales in recent months, builder confidence in the market for newly built, single-family homes rose four points in June to reach 49 on the National Association of Home Builders/Wells Fargo Housing Market Index, which was released on Monday. That’s one point shy of the optimism-pessimism threshold for builders; at 50 and over, more consider building conditions good than not.

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