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May 27, 2020

Housing outlook remains cloudy, but investors still like homebuilders

  • Builders that have best weathered the coronavirus slowdown are those that sell entry-level homes.
    • By ALEX VEIGA
    AP Business Writer

    LOS ANGELES — The U.S. economy and housing market had set homebuilders up for a strong 2020.

    That was before the efforts to stem the spread of the coronavirus pandemic knocked the economy into a skid, dimmed consumer confidence and left a record number of Americans unemployed.


     
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