General World News

With little competition, homebuilders are feeling better

Despite the volatile mortgage rate environment and overall economic uncertainty, homebuilder confidence slowly continues to rise, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Wednesday.

In March, homebuilder sentiment in the market for newly built single-family homes rose two points from February’s reading, to an index value of 44. This is the third straight month of increases after a year of decreases.

The NAHB/HMI report is based on a monthly survey of NAHB members, in which homebuilders are details ⇒

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