THIS STORY HAS BEEN FORMATTED FOR EASY PRINTING

Homebuilder pessimism falls in Oct.

Bloomberg News / October 19, 2011

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Homebuilders were less pessimistic than forecast in October as near record-low borrowing costs and price decreases raised hopes the market will turn for the better over the next six months. The National Association of Home Builders/Wells Fargo sentiment index climbed to 18, the highest level since May 2010, from 14 in the prior month, data from the Washington-based group showed Tuesday.

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