Sales are flat but confidence is rising

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December 02, 2014

The Census and HUD October report shows that sales of new single-family homes were up 0.7 percent, says the NAHB.
Meanwhile, inventories and builder confidence have been rising side-by-side. The November NAHB/Wells Fargo Housing Market Index of single-family builder confidence rose to 58, which the NAHB attributes to promising long-run trends.
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