Confidence among U.S. home builders improved more than expected this month as housing demand outstrips supply and mortgage rates ease, according to a report from the National Association for Home Builders released Monday. Here are the report’s main takeaways:
–The NAHB’s housing-market index, produced in conjunction with Wells Fargo, rose to 51 in March from 48 in February. The index is a gauge of builder confidence in the market for single-family housing.
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