Compared with last month, builder confidence in the market for newly built, single-family homes increased by one point to 47 in April, according to the National Association for Home Builders' Housing Market Index.
But confidence levels should receive a boost in the coming months, NAHB Chairman Kevin Kelly said in a statement.
"Builder confidence has been in a holding pattern the past three months," Kelly said. "Looking ahead, as the spring home buying season gets into full swing and demand increases, builders are expecting sales prospects to improve in the months ahead."
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