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February 16, 2017

Homebuilder optimism surprisingly weakens

By ALEX VEIGA
AP Business Writer

U.S. homebuilders are feeling a bit less confident this month, reflecting a dimmer outlook for sales in the months ahead and fewer would-be buyers dropping by builders' sales offices.

The surprising decline comes ahead of the spring home-buying season, which is traditionally builders' busiest time of the year and helps set the pace for home construction.


 
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