By Ben Leubsdorf | The Wall Street Journal
A gauge of home-builder sentiment climbed in November, a hopeful signal for the U.S. housing recovery as it struggles to find its footing.
An index of builder confidence in the market for new single-family homes rose by four points to a seasonally adjusted level of 58 this month, the National Association of Home Builders said Tuesday. A reading over 50 means most builders generally see conditions as positive.
The index jumped in September to 59, its highest reading since November 2005, then fell to 54 in October. Economists surveyed by The Wall Street Journal expected the index would tick up to 55 in November.
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