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May 16, 2018

Builders more optimistic after four-month slump

By ALEX VEIGA
AP Business Writer

U.S. homebuilders are feeling more confident about their sales prospects, reflecting strong demand for newly built homes with existing homes in short supply.

The National Association of Home Builders/Wells Fargo builder sentiment index released Tuesday rose two points to 70 this month. That's up from a revised reading of 68 in April and snaps a four-month slide in builder confidence.


 
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