Pursuits
U.S. Homebuilder Confidence Eased in November From Decade High
- Decline reflects less optimism about current, future sales
- Builders see strongest buyer traffic in more than 10 years
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Confidence among U.S. homebuilders eased in November from a decade-high, indicating some cooling in the housing market.
The National Association of Builders/Wells Fargo sentiment gauge unexpectedly fell to 62 this month from a revised 65 in October, the highest level since October 2005, the Washington-based group reported Tuesday. Readings above 50 mean more respondents said conditions were good.