After ascending to the highest level in nearly a dozen years, home builder confidence settled back this month.
In April, the Housing Market Index was determined to be 68. Anything above 50 indicates more builders view conditions as good.
The index, which is based on a survey of home builders, fell from 71 the prior month, the highest it had been since June 2005.
Also falling three points to 75 was the component indicating expected sales for the next six months.
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From:: Financing