Confidence Among Homebuilders in U.S. Remains Near 2016 HighBy
Confidence among U.S. homebuilders in November remained near the highest level this year, a sign of strength in the residential real estate market, according to data Wednesday from the National Association of Home Builders/Wells Fargo.
- Builder sentiment gauge held at 63 (forecast was 63); readings below 50 mean more respondents report poor market conditions
- Index of prospective buyer traffic rose to 47 from 46
- Measure of six-month sales outlook decreased to 69 from 71
- Gauge of current sales was unchanged at 69…
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