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Confidence among US homebuilders slips in October

By Martin Crutsinger
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Confidence among US homebuilders slips in October

WASHINGTON (AP) — U.S. homebuilders’ confidence fell in October after four months of gains which had pushed the indicator to the highest point in nine years.

The National Association of Home Builders/Wells Fargo said Thursday that its index dropped to a reading of 54 after climbing to 59 in September, the highest level since November 2005, right before the housing bubble burst.

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