The June gloom has passed for the nation’s long-suffering home builders. At least a little.
The National Association of Home Builders trade group said Monday that its closely watched housing market index climbed two points to 15 in July. The reading beat expectations by one point.
This report is “is a positive sign that the outlook perhaps isn’t quite as bleak as was feared in June,” said Bob Nielsen, the trade group’s chairman, and a home builder from Reno, Nev.
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