U.S. Homebuilder Sentiment Remains Near Highest Level Since 1999
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Confidence among American homebuilders held steady in February near the highest level since 1999, suggesting that demand for housing is expected to remain strong, according to data Thursday from the National Association of Home Builders/Wells Fargo.
The report signals that home construction will continue to pick up as economic conditions remain favorable. A solid job market and rising wages will keep supporting demand for houses.