U.S. home­builder out­look holds steady in Novem­ber

The Washington Times Daily - - Business - From wire dis­patches and staff re­ports

U.S. home­builders’ con­fi­dence in the hous­ing mar­ket held steady this month, but many are wor­ried that another fight over the fed­eral bud­get could cause would-be buy­ers to put off home pur­chases.

The Na­tional As­so­ci­a­tion of Home Builders/ Wells Fargo builder sen­ti­ment in­dex re­leased Mon­day stayed at 54 this month.

Read­ings above 50 in­di­cate more builders view sales con­di­tions as good, rather than poor.

The in­dex has stayed above 50 now for six straight months af­ter be­ing be­low that level since May 2006.

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