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May 16, 2013

Homebuilder confidence rebounds in May

  • Builders are benefiting from a sustained rebound in housing, steady job growth, rock-bottom mortgage rates, rising home values and a decline in home foreclosures.
    • By ALEX VEIGA
    AP Real Estate Writer

    Confidence among U.S. homebuilders rebounded this month, reflecting improved sales trends during the spring home-selling season and the strongest outlook for sales over the next six months in more than six years.

    The National Association of Home Builders/Wells Fargo builder sentiment index released Wednesday rose to 44 in May from 41 in April. The increase for May was the first month-to-month gain since December.


     
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