Home Builder Confidence Rises In January
Confidence among the nation's home builders rose in January, REALTOR® Magazine Online reported February 20, 2008.
The National Association of Home Builders//Wells Fargo Housing Market Index showed a slight increase in confidence.
"The index, which gauges current sales conditions for single-family homes, rose one point to 20, while the index gauging sales expectations for the next six months declined one point to 27. Meanwhile, the index gauging traffic of prospective buyers rose five points to 19, its highest level since July of 2007."
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