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July 17, 2014

Builders regain confidence in housing market

  • The builder sentiment index stands at 53; the highest since January.
    • By ALEX VEIGA
    AP Real Estate Writer

    U.S. homebuilders’ confidence in the housing market surged this month to the highest level since January, reflecting a pickup in sales of new homes and heightened expectations for sales in the second half of the year.

    The brighter sales outlook suggests home construction could pick up in coming months after a sluggish start this year.


     
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