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Builder Confidence Swells to 20-month High

U.S. homebuilders are at their most upbeat in almost two years, as lower mortgage rates lure in buyers. So reports CNBC.

The National Association of Home Builders/Wells Fargo Housing Market Index showed a builder confidence reading of 71 for the single-family market in October. That’s up from 68 for the previous month (and 68 for October 2018 as well), and marks the highest confidence level since February 2018.

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