Homebuilder Confidence in U.S. Rose in July to 15 From 13
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Confidence among U.S. homebuilders improved in July from a nine-month low as executives turned less pessimistic on the outlook for sales.
The National Association of Home Builders/Wells Fargo sentiment index climbed to 15 this month, higher than forecast, from 13 in June, data from the Washington-based group showed today. The median projection of economists surveyed by Bloomberg News was for a gain to 14.