Confidence among U.S. home builders rose to a one-year high, another sign that the worst of the housing decline that began in 2006 has passed.

The National Association of Home Builders/Wells Fargo confidence index climbed to 18 in August, matching forecasts by economists and reaching its highest level since June 2008, the Washington trade group said Monday. A reading below 50, however, means most respondents view conditions as poor.

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