Economics
U.S. Homebuilder Sentiment Posts Best Two Months Since 1999
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U.S. homebuilder sentiment posted the highest back-to-back readings since 1999, as developers saw a surge in prospective buyers and a bump in the sales outlook.
The National Association of Home Builders/Wells Fargo Housing Market Index for December and January together were the highest levels in two decades, despite weakening one point to 75 this month, according to a report Thursday. The monthly number also slightly exceeded estimates in a Bloomberg survey.