Builder Confidence Recovers

After plunging last month, the level of confidence among the country’s residential home builders this month more than made up the ground it lost.

During September, the Housing Market Index — a gauge of single-family builders’ perception of the market for new homes — tumbled three points.

At issue last month were the recent hurricanes, which raised concerns among home builders about the availability of labor and the cost of building materials.

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From:: Financing