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Builder Confidence Continues to Rise

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According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), builder confidence is at a nine-year high.

The composite measure jumped four points to 59 in the month from August to September.

“Since early summer, builders in many markets across the nation have been reporting that buyer interest and traffic have picked up, which is a positive sign that the housing market is moving in the right direction,” said NAHB Chairman Kevin Kelly.

Image via flickr/Concrete Forms

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