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What’s making homebuilders so cheery?

Lower mortgage rates should help more people buy new homes.

What’s making homebuilders so cheery?
Frederic J. Brown/AFP/Getty Images

Homebuilders are more confident than they’ve been all year, according to a new industry survey, even with a labor shortage and higher prices for materials because of the trade war. That spring in their step is partly because of lower mortgage rates, which should help more people buy new homes.

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