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July 19, 2017

Unexpected decline in homebuilder sentiment

  • Builders are grappling with a shortage of skilled workers, rising materials prices and fewer lots.
    • By ALEX VEIGA
    AP Business Writer

    U.S. homebuilders are feeling less optimistic about their sales prospects, although their overall outlook remains positive.

    The National Association of Home Builders/Wells Fargo builder sentiment index, released Tuesday, declined to 64 this month. That's down two points from a downwardly revised reading of 66 in June and the lowest level since November.


     
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