Builder Confidence Rises with Boost in Housing Starts

Builder confidence in the market for newly constructed single-family homes in August rose two points to 60 from a downwardly revised reading of 58 in July on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
“New construction and new-home sales are on the rise in most areas of the country, and this is helping to boost builder sentiment,” says NAHB Chairman Ed Brady, a home builder and developer from Bloomington, Ill.
“Builder confidence remains s