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Homebuilder sentiment edges up

November’s builder sentiment reached its highest level since May 2010. Low mortgage rates were cited as a chief factor. November’s builder sentiment reached its highest level since May 2010. Low mortgage rates were cited as a chief factor. (Gene J. Puskar/Associated Press/File 2011)
Associated Press / November 17, 2011

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U.S. homebuilders are feeling a little less pessimistic about the struggling housing market. But their mood hasn’t changed enough to signal a recovery anytime soon. The National Association of Home Builders said Wednesday that its builder sentiment index rose to 20 in November. That’s the highest level since May 2010 and only the second month the index has been at 20 or above in two years. The trade group cited low mortgage rates as a chief factor.

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