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Builder Confidence Rebounds: NAHB

The National Association of Home Builders' Robert Dietz says the current reading for builder confidence is “consistent with our forecast for a gradual strengthening in the housing market.”

By Paul Bubny | paulbubny | Updated on August 15, 2017

Robert Dietz at NAHB Dietz notes that builders builders continue to face supply-side challenges.

WASHINGTON, DC—Builder confidence in the market for newly-built single-family homes rebounded in August, rising four points in August to a level of 68 on the National Association of Home Builders/Wells Fargo Housing Market Index. All three HMI components have posted gains for this month.

The component gauging current sales conditions rose four points to 74 while the index charting sales expectations in the next six months jumped five points to 78. Meanwhile, the component measuring buyer traffic, while lagging the other two, increased a single point to 49.

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