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Homebuilder confidence rebounds after record declines

January housing market index climbed MoM to 35 from 31

Johnnie Martinez II

The new-home housing market is showing signs this month of a rebound, reversing a record 12 consecutive months of declines spurred by mounting mortgage rates, increasing construction costs and record inflation. January’s seasonally adjusted market index — which measures perceptions of current home sales and expectations for the next six months — increased to 35 from 31 […]

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