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The Boston Globe

Business

US home builder confidence rises in May from April

WASHINGTON — Confidence among home builders rebounded this month, reflecting improved sales trends during the spring selling season and the strongest outlook for sales over the next six months in more than six years.

The National Association of Home Builders/Wells Fargo builder sentiment index, released Wednesday, rose to 44 in May from 41 in April. It was the first month-to-month gain since December.

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