Home builder confidence climbs slightly

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Home builders are showing slightly more optimism this month, according to the National Association of Home Builders’ index of builder confidence, although industry sentiment still remains comparatively low. The rating, which measures data in the middle of each month, climbed to 19, up from a rating of 15 during March. Industry experts believe this increase in confidence is due in part to the impending first-time homebuyer tax credit, which may be spurring more home sales. Despite this uptick in confidence, however, a rating of less than 50 indicates poor industry sentiment, according to the NAHB.

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