US home builder confidence held steady in January

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      Confidence among U.S. home builders held steady in January even though builders’ expectations about future sales dipped slightly.

     The National Association of Home Builders/Wells Fargo builder sentiment index stood at 60 in January, matching the December reading.

     The index has been hovering in the low 60s for a number of months. Readings above 50 indicate more builders view sales conditions as good, rather than poor.

     The home builders association is forecasting modest growth for housing this year.

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