Builder confidence in the market for newly-built single-family homes hit a significant milestone in June, surging eight points to a reading of 52 according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Any reading over 50 indicates that more builders view sales conditions as good than poor. The eight-point jump in the index was the biggest one-month gain since August and September of 2002, when the HMI recorded a similar increase of eight points.Click to continue
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