Do you already set up the new installed SDK with FlashBuilder?
Here you found a howto [1]
HTH,
Olaf
[1] https://cwiki.apache.org/confluence/display/FLEX/2.1+Flash+Builder
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Hi Richard,
I left FB years ago, so can't say about that problem.
If you are a new user, I could recommend you to use IntelliJ IDEA as a
replacement if you're using Flex SDK. The support is the best out there.
In case you were using FlexJS SDK, I think a better option is Visual Studio
Code with