U.S. residential-builder sentiment higher for seventh straight month
The numbers: A persistent shortage of resale homes is fueling builders’ optimism, as a key indicator of their confidence rose for the seventh month in a row in July.
That’s boosted interest in new homes, and given builders reason to remain confident about their outlook. The National Association of Home Builders’ monthly confidence index rose 1 point to 56 in July, the trade group said on Tuesday.
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