The National Association of Home Builders (NAHB)/Wells Fargo index of builder confidence rose to 47 in March from a reading of 46 in February. The gauge measures builders estimates of how the housing market is performing as it reflects the rising demand for new homes. Even as the traditional spring buying season begins, builders still face a shortage of skilled workers and available lots as well as rising material costs. Regionally, MHProNews.com understands the Midwest and Northeast both notched a three point loss, while the South fell four points and the West, two. ##

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