Industry NewsMarkets & Economy

Builder confidence hits 8-month high

Real estate brief
Published on May 19, 2009

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by CareyBot

An index that gauges builder confidence for single-family homes jumped two points in May, to its highest level since September 2008, according to the National Association of Home Builders.

The May gain in the Wells Fargo-NAHB Housing Market Index followed a five-point rise in April.

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