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Builder Confidence Snaps 12-Month Lull in January Despite ‘Bearish’ Sentiment
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In its latest NAHB/Wells Fargo Housing Market Index (HMI), the index showed builder confidence in the market for newly-built single-family homes rose four points to 35 in January. While this breaks from the past year of index declines, NAHB experts suggest that the overall sentiment is still in “bearish territory” as builders still struggle with higher construction costs, affordability challenges and supply chain disruptions...
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