Builder confidence in the market for newly-built single-family homes fell three points to a level of 64 in September from a downwardly revised August reading of 67 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), due mostly to concerns about the availability of labor and the cost of building materials.
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Monday, September 18, 2017
Builder confidence drops three points in August to 64, largely due to twin hurricane impact
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