Home Builder Confidence Rises Four Points in October

WASHINGTON, D.C. – October 18, 2011 – (RealEstateRama) — Builder confidence in the market for newly built, single-family homes rose four points to 18 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for October, which was released today. This is the largest one-month gain the index has seen since the home buyer tax credit program helped spur the market in April of 2010.