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Homebuilder Sentiment in U.S. Held in November at Four-Month Low

Confidence among U.S. homebuilders held in November at a four-month low as buyer traffic and sales outlooks retreated.

The National Association of Home Builders/Wells Fargo builder sentiment gauge was unchanged at 54 from a revised October reading that was weaker than initially estimated, the Washington-based group reported today. The median forecast in a Bloomberg survey projected it would come in at 55. Readings above 50 mean more respondents reported good market conditions.