Builder confidence unchanged – again

builderBy Jann Swanson | Mortgage News Daily

The index that measures builder confidence in the new home market was unchanged in May for the fourth straight month the National Association of Home Builders (NAHB) said on Monday. The NAHB/Wells Fargo Housing Market Index (HMI) remained at 58 and two of its three components were also the same as in April. Analysts surveyed by Econoday had expected a 1-point bump in the number.

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