National builder confidence rises in July

Builder confidence in the market for newly-built single-family homes rose four points in July to 53 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released on July 17.

This is the first time since January that the indicator surpassed 50, the mark where more builders view sales conditions as good than poor. The HMI three-month moving average increased by a point in the Northeast to 35.

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