11/17/2006

US: Homebuilder sentiment rebounds in November

The housing market index compiled by the National Association of Home Builders (NAHB) improved for a second consecutive month to 33 in November (October: 31) as sales incentives improved affordability for consumers. The index of sales expectations in the next six months also jumped 4 points to 46. reading below 50 mean the overall confidence among homebuilders remain poor.

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