US home builders more confident in August

By Dow Jones newswires

The measure of prospective-buyer traffic increased three points to 42. "Each of the three components of the [index] registered consecutive gains for the past three months, which is a positive sign that builder confidence appears to be firming following an uneven spring," said NAHB chief economist David Crowe. "Factors contributing to this rise include sustained job growth, historically low mortgage rates and affordable home prices.

Read more here: Business Spectator

    

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