Pursuits
Homebuilder Confidence in U.S. Rises Most Since September 2002
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Confidence among U.S. homebuilders increased in July by the most in almost a decade, indicating further improvement in residential real estate.
The National Association of Home Builders/Wells Fargo confidence index climbed 6 points, the biggest gain since September 2002, to 35 this month, a report from the Washington-based group showed today. The gauge exceeded the most-optimistic projection in a Bloomberg News survey of 46 economists. Readings below 50 mean more respondents said conditions were poor.