West Drives Surge in Builder Confidence

America’s home builders are more confident about their business than they’ve been in almost a year, and the spike was greatest in the West.

As of September, the seasonally adjusted Housing Market Index was 65 — the highest it’s been since October 2015’s upwardly revised 65.

The index, a gauge of how builders perceive current and upcoming new single-family home sales, was a downwardly revised 59 in August 2016.

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From:: Financing