BUILDER CONFIDENCE INCREASES TWO POINTS IN SEPTEMBER

Date October 4, 2008

Builder confidence climbed two points to 18 in September, the first increase in seven months, according to the National Association of Home Builders (NAHB). NAHB attributes the increase to recently enacted federal tax credits for homebuyers and lower mortgage rates in the wake of the takeover of Fannie Mae and Freddie Mac.
"Builders have several reasons [...]

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