Rates down, new houses go up
August 31, 2004,
WASHINGTON — Lower mortgage interest rates helped boost home builders' confidence in the market for new single-family homes during August, according to a monthly canvass compiled by the National Association of Home Builders and Wells Fargo Bank.
The monthly Housing Market Index rose to a current level of 71, up four points from a revised July figure of 67. Builder confidence is now on par with its year-ago level.
Related Content By Author
Live From New York: Fashion Comes Across the Pond
Home & Textiles Today eDaily
Most Viewed Articles
See the September 2017 issue of Home & Textiles Today. In this issue, we look at the Attack of the Killer Third Tier: Monster off-pricers are climbing to the top of the food chain, plus New Products: 40 pages of new products debuting at the New York Home Fashions Market; Home Stores: TJX unveils first U.S. HomeSense store; Clicks to Bricks: Boll & Branch moves from digital to physical retailing; and much more...