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Home builder sentiment at highest since 2005

Reading of key gauge in July indicates residential real estate market may be picking up speed

IN THE RIGHT DIRECTION: Historically low mortgage rates and a job market that's steadily improving are making home purchases more attractive for some Americans.


CONFIDENCE among US homebuilders held in July at the highest level since November 2005, indicating the residential real estate market may be picking up speed.

A reading of 60 in the National Association of Home Builders (NAHB)/Wells Fargo sentiment gauge followed a June

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