Confidence among U.S. home-builders unexpectedly climbed in November to a six-year high, propelled by the biggest jump in sales in a decade, adding to signs the real estate market is improving.
November 19, 2012 at 12:00 AM
1 minute read
Confidence among U.S. home-builders unexpectedly climbed in November to a six-year high, propelled by the biggest jump in sales in a decade, adding to signs the real estate market is improving.
The National Association of Home Builders/Wells Fargo index of builder confidence increased to 46, the highest level since May 2006, from 41 in October, the builders group said Monday.
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