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November 19, 2014

Homebuilders are more optimistic

WASHINGTON (AP) — U.S. homebuilders' confidence rebounded in November as both sales expectations and buyer traffic improved.

The National Association of Home Builders/Wells Fargo index rose to 58 this month, up from 54 in October. That puts the index just short of September's reading of 59, which was the highest level since November 2005, shortly before the housing bubble burst.


 
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