Builders continue to feel more optimistic about the direction of the recovery for newly built single-family homes. Builder confidence rose six points in July to 57, according to the National Association of Home Builders/Wells Fargo Housing Market Index.
Any number above 50 indicates more builders view conditions as good than poor.
The index gauges builders’ perceptions on single-family home sales, sales expectations for the next six months, and buyer traffic. Watch video: Beware: Crack Down on Squatters
States are tightening up their adverse possession laws and making it tougher for squatters to make claims to properties they don’t own.
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