Benchmark
Here's Proof Homebuilders are Betting on a Pickup in the Housing Market
Higher confidence and more permits show builders are optimistic about housing
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Homebuilders have caught spring fever.
Confidence among U.S. builders, measured by the National Association of Home Builders/Wells Fargo sentiment gauge, increased in April for the first time in five months. The group's measure of the sales outlook for the next six months climbed to the highest level since December, while a gauge of prospective buyer traffic also rose.