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U.S. Builder Confidence Up in January

U.S. builder confidence in the market for new homes in January rose 2 points to 58 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).  All major HMI components rose in January with current sales conditions increasing 2 points to 63 and expectations in the next six months 3 points higher at 64.  The component gauging buyer traffic was 1 point higher at 44.

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