Homebuilder confidence rises ‘slow but steady’

Homebuilder

HomebuilderBy Diana Olick | CNBC

After a significant jump in June and then a stall in July, confidence among the nation’s single-family homebuilders moved higher again in August, albeit at a slower pace.

A monthly sentiment index from the National Association of Home Builders rose 1 point to 61, the highest level since November 2005. Any reading above 50 is considered positive. The index stood at 55 one year ago.

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