Home Builder Confidence Slips After Strong Month

After reaching the highest level in nearly a year last month, the degree of home builder confidence has retreated thanks mostly to current sales conditions.

The seasonally adjusted Housing Market Index, which provides insight into how builders view market conditions for new houses, was 63 in October.

That turned out to be a two-point decline from the previous month, when the index ascended to the highest level it has been since October 2015.

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From:: Financing