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From nahbnow.com
Builders' confidence in the newly-built single-detached home market rose four points to 62 in February, according to the latest NAHB / Wells Fargo home market index released today in Las Vegas. the 75th International Manufacturers' Fair.
"The ongoing reduction in mortgage rates over the last few weeks, coupled with continued strength in the labor market, is fueling builder confidence," said NAHB President Randy Noel. "Following the slowdown in the fall, many automakers have announced positive expectations for the spring sales season."
February was the second consecutive month in which all HMI indices posted gains. … (full story)
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