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Confidence among homebuilders unexpectedly climbed in November to a six-year high, propelled by the biggest jump in sales in a decade. The National Association of Home Builders/Wells Fargo index of builder confidence increased to 46, the highest level since May 2006, from 41 in October, according to the Washington-based group.

Photographer: Patrick T. Fallon/Bloomberg

Confidence among homebuilders unexpectedly climbed in November to a six-year high, propelled by the biggest jump in sales in a decade. The National Association of Home Builders/Wells Fargo index of builder confidence increased to 46, the highest level since May 2006, from 41 in October, according to the Washington-based group.
November 19, 2012
Article
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