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Monday
Nov192012

Builder Confidence Hits Highest Level in Six Years: Report

Comstock/Thinkstock(WASHINGTON) -- The demand for new homes in the U.S. is growing. The National Association of Home Builders says builder confidence is at its highest level in six years.

The sentiment index was up to 46 this month, five points higher than it was in October and the highest level since May 2006, right before the housing bubble burst.

Fifty is the measure of a healthy housing market.

Copyright 2012 ABC News Radio