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Confidence among US homebuilders holds at 9-month low

from Bloomberg

Confidence among U.S. homebuilders held in March at a nine-month low as sales prospects waned, a sign the housing market may be struggling to accelerate as the spring-selling season approaches. The National Association of Home Builders/Wells Fargo builder sentiment index was 58 this month, matching the February reading that was the weakest since May, figures from the Washington-based group showed. Nonetheless, readings greater than 50 mean more respondents reported good market conditions. more

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