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April 16, 2014

U.S. homebuilder confidence remains flat

  • Major concerns are tight credit for home buyers and a shortage of workers and available land.
  • By PAUL WISEMAN
    AP Economics Writer

    WASHINGTON — U.S. homebuilders' confidence in the housing market rose modestly in April but remained at low levels for the third straight month, constrained by tight credit for home buyers and a shortage of workers and available land.

    The National Association of Home Builders/Wells Fargo builder sentiment index, which measures confidence in the single-family home market, edged up to 47 in April from 46 in March, the homebuilders group reported Tuesday.


     
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