Following a strong bump-up in August, builder confidence in the market for new single-family homes edged down this month but remained within the narrow range maintained since this time last year, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index. The seasonally adjusted monthly gauge of builder sentiment registered a 68 for September, down three points from its month-ago reading. "This is exactly on par with the index's year-ago standing, and shows that, in the midst of a particularly devastating hurricane season, builder confidence is essentially unshaken," said Bobby Rayburn, NAHB president, and a home and apartment builder from Jackson, Miss. "Favorable financing conditions, sound house-price performance and reviving consumer confiden...
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