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The Boston Globe


Homebuilders’ confidence rises to a 6½-year high

LOS ANGELES — Confidence among homebuilders inched up this month, to the highest level in more than 6½ years, as they reported the best market for newly built homes since the housing boom.

The National Association of Home Builders/Wells Fargo builder sentiment index, released Tuesday, rose 2 points to 47 from a revised 45 in November. That was the highest reading since April 2006, just before the housing bubble burst.

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