US builder confidence steady, rates a concern

September 17, 2013 • Business

In this Thursday, Aug. 1, 2013, photo, construction workers install exterior windows on an apartment complex in Tempe, Ariz. The National Association of Home Builders reports on its index of confidence among U.S. homebuilders for September on Tuesday, Sept. 17, 2013. (AP Photo/Ross D. Franklin)

U.S. homebuilders’ confidence in the housing market held this month at its highest level in nearly eight years. But builders are starting to worry that sales may slow if mortgage rates continue to rise.

The National Association of Home Builders/Wells Fargo builder sentiment index released Tuesday registered at 58 this month. That’s unchanged from August, which was revised down from an initial reading of 59.

Readings above 50 indicate more builders view sales conditions as good, rather Login to read more

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