PORTLAND, OR , Jan. 16, 2014 (RISI) -
Builder confidence in the market for newly built, single-family homes dipped one point to 56 in January from a revised December reading of 57 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
All three HMI components declined in January. The index gauging current sales conditions edged one point lower to 62, while the index gauging expectations for future sales fell two points to 60. The index gauging traffic of prospective buyers fell three points to 40.
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