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January 19, 2017

Homebuilder confidence slips a bit this month

  • The National Association of Home Builders is forecasting a 10 percent jump in single-family construction for 2017.
    • By ALEX VEIGA
    AP Business Writer

    U.S. homebuilders are feeling slightly less confident this month about their sales prospects, a pullback from December when builders' confidence reached the highest level in 11 years.

    The decline in builder confidence comes amid heightened concerns about mortgage rates, which have been mostly rising since early November. Higher mortgage rates make home loans more expensive, which could dampen sales.


     
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