Thursday, October 19, 2006

Home Builders Confidence Levels Increase

The confidence level of the nation's home builders this month posted an increase for the first time in 12 months, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The seasonally adjusted HMI stands at 31 in October, up one point from September and down 37 points from a year ago. An HMI below 50 indicates more builders view sales conditions as poor versus good.

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