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April Brings Slight Drop in Builder Confidence

Builder confidence for newly built, single-family homes declined in April by three points to 25, according to the National Association of Home Builders/Wells Fargo Housing Market Index, released today. This is the first time in seven months that the confidence rating has declined. looks at the trends behind the numbers: It’s not surprising to see some decline in builder confidence after six straight months of a fairly swift build-up in confidence. There are certainly signs of recovery and optimism in the market, but many consumers and builders are hesitant and cautious about the challenges that still exist in the…

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