U.S. Existing Home Sales Rose in October to 4.79 Million Rate
Patrick T. Fallon/Bloomberg
Confidence among homebuilders unexpectedly climbed in November to a six-year high, propelled by the biggest jump in sales in a decade. The National Association of Home Builders/Wells Fargo index of builder confidence increased to 46, the highest level since May 2006, from 41 in October, according to the Washington-based group.