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09/16/2020

Builder Confidence Soars to an All-Time High, Lumber Risks Remain

NAHB Eye on Housing

In a strong signal that housing is leading the economic recovery, builder confidence in the market for newly-built single-family homes increased five points to hit an all-time high of 83 in September, according to the latest NAHB/Wells Fargo Housing Market Index (HMI). The previous highest reading of 78 in the 35-year history of the series was set last month and also matched in December 1998.

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