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U.S. Homebuilder Sentiment Soars to 20-Year High


Photographer: David Paul Morris/Bloomberg

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U.S. homebuilder sentiment advanced in December to the highest level since 1999 amid stronger sales and a surge in prospective buyer foot traffic.

The National Association of Home Builders/Wells Fargo Housing Market Index jumped 5 points to 76, the biggest monthly increase since the end of 2017, and the November figure was revised higher, according to data released Monday. The reading topped all estimates in a Bloomberg survey of economists that had called for 70.