11/17/2011

The National Association of Home Builders/Wells Fargo confidence index climbed from 17 in October to 20 in November, the best showing since May 2010. This means builders increasingly are seeing market improvement as borrowing costs become lower and more foreclosed homes return to the market. "Well-qualified buyers in select areas are being tempted back into the market by today's extremely favorable mortgage rates and prices," NAHB Chief Economist David Crowe said.

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Bloomberg, Reuters

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