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Homebuilder Confidence in U.S. Strengthens to Highest Since 2005

  • Gain in confidence reflects improving sales, buyer traffic
  • Present-sales index climbs to highest level in a decade

Confidence among U.S. homebuilders rose in September to the highest level in almost a decade, signaling momentum in residential real estate will support growth in the second half of 2015.

The National Association of Home Builders/Wells Fargo builder sentiment gauge rose to 62, the highest level since October 2005, from 61 the prior month, figures from the Washington-based group showed Wednesday. Readings greater than 50 mean more respondents report good market conditions.