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US homebuilder confidence up in June, remains low

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WASHINGTON (AP) — U.S. homebuilders are feeling more confident about the housing market but don't think it is healthy yet. The National Association of Home Builders/Wells Fargo builder sentiment index rose to 49 in June, highest since January and up from 45 in May. Readings below 50 indicate that builders view sales conditions are poor rather than good. The index has been stuck below 50 since...

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