Homebuilder Confidence Reaches Decade High on U.S. Sales Outlook

  • Optimism about future sales jumps to highest since August 2005
  • Builders in western U.S. saw biggest surge in confidence

A worker uses a tape measure while assembling a floor at a modular home production facility in Vallejo, Calif. on Sept. 11.

hotographer: David Paul Morris/Bloomberg

Confidence among U.S. homebuilders climbed in October to a 10-year high, a sign demand for housing may remain solid in the months to come.

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