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October 17, 2014

Homebuilder confidence slips slightly in October

By MARTIN CRUTSINGER
AP Economics Writer

WASHINGTON — U.S. homebuilders' confidence fell in October after four months of gains which had pushed the indicator to the highest point in nine years.

The National Association of Home Builders/Wells Fargo said Thursday that its index dropped to a reading of 54 after climbing to 59 in September, the highest level since November 2005, right before the housing bubble burst.


 
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