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Home builder confidence hits highest level in nine years
Home builder confidence hits highest level in nine years

Home builders have a little more spring in their step this fall. An industry trade group reported Wednesday that optimism among builders of single-family homes is at its highest level since 2005 amid an improving job market and solid demand. The National Assn. of Home Builders said its confidence index climbed in September for the fourth straight month, to 59, its best mark since November 2005. Anything above 50 is generally considered positive. Builders were most bullish in their expectations for sales over the next six months. Current sales and traffic of prospective buyers scored lower. It remains to be seen if builders’ sunnier outlook translates into more actual...

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