Hardware Retailing The Industry's Source for Insights and Information
The National Association of Home Builders (NAHB) reported its July Housing Market Index (HMI)—also known as the “homebuilder confidence index”—rose to 53 from the June reading of 49. Economists had been expecting a less-significant increase to 50. The report was well-received, after five consecutive monthly readings below 50, where more builders viewed sales conditions as “poor” rather than “good.”
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