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U.S. homebuilder confidence index increased to 16

Posted on 17 November 2010

From Bloomberg: Confidence among U.S. homebuilders improved for a second month in November, a sign residential construction may hold at depressed levels.
The National Association of Home Builders/Wells Fargo confidence index increased to a five-month high of 16 from a revised 15 in October that was weaker than initially reported, data from the Washington-based group showed. A reading of 17 was the median forecast in a Bloomberg News survey of economists……………………………………….Full Article: Source


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