Home builder optimism slipped in July

homebuilder confidnceBy Josh Mitchell | The Wall Street Journal

U.S. home builders said they lost a bit of confidence in July due largely to uncertainty over how the housing market will perform in the next six months, though they maintained a positive outlook overall as sales strengthen.

The National Association of Home Builders said Monday its monthly index of builder confidence in the market for single-family homes slipped one point to 59 in July. Economists surveyed by The Wall Street Journal expected a reading of 60.

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