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Builder confidence edges up in June

Posted by Bonnie Martin Designated Broker on Tuesday, June 19th, 2012 at 1:43pm.

Homebuilders grew more confident in June with buyers taking advantage of low interest rates and affordable prices, the National Association of Home Builders said Monday.

The index component measuring current sales conditions grew two points to a score of 32 in June, its highest level since April of 2007.

Meanwhile, the association's index measuring builder confidence reached its highest level in four years during the month of June.

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