Confidence at 16-month high
May 26, 2005,
WASHINGTON — Confidence among the nation's home builders remained strong during April, approaching its highest level in the past 16 months, spurred by strong demand for new single-family homes and continued low mortgage rates.
The component of the index which gauges sales of single-family homes rose three points to a level of 76, and the component gauging sales expectations for the next six months came in with a reading of 77.
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