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US Homebuilder Sentiment Increases to an Almost One-Year High
US homebuilder sentiment advanced in June to an 11-month high as a limited supply of existing homes continued to spark interest in new construction. The National Association of Home Builders/Wells Fargo gauge rose five points to 55, figures showed Monday. The index, which has increased for six consecutive months, exceeded all estimates in a Bloomberg survey of economists. “A bottom is forming for single-family home building as builder sentiment continues to gradually rise from the beginning of the year,” Robert Dietz, NAHB chief economist, said in a statement. “The Federal Reserve nearing the end of its ... (full story)