While you were sleeping: US builders gain confidence

Mon, 18 Aug 2014

By Margreet Dietz Aug. 19 (BusinessDesk) - Wall Street climbed amid better-than-expected confidence among US home builders and a bidding war over Family Dollar Stores. A report showed the National Association of Home Builders/Wells Fargo Housing Market index, a gauge of home builder confidence, rose to 55 in August from 53 in July, increasing for the third month in a row. It was a welcome sign of optimism in an industry that has struggled to recover. “As the employment picture brightens, builders are seeing a noticeable increase in the...

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