Reblogged from Housing Wire – Ben Lane
The nation’s homebuilders’ confidence in the market for newly constructed single-family homes continued rising in October, to a level not seen since before the housing crisis began. The good news comes from the latest edition of the National Association of Home Builders/Wells Fargo Housing Market Index, which rose three points in October to 64.
The Housing Market Index hasn’t been that high since late 2005. The increase is part of a trend that has seen the HMI climb over the last several months.
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