Builders Glee Over Housing
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Builder confidence in the market for newly built, single-family homes improved significantly in April as applications for permits to build new homes jumped 7.5% in March. This according to the Commerce Dept and results of the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The HMI surged four points to 19 in April, its highest level since September of 2009.
