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New economic figures showed a decline in home builders' sentiment.
Data showing an index of home builders' sentiment at a five-year high in May helped lift the sector's shares.
The National Association of Home Builders said Monday that its monthly index of builders' sentiment rose in October to 16 points, the first increase in five months.
An index of builders' sentiment measured by the National Association of Home Builders held steady at 19, on a scale where readings below 50 signal a poor outlook.
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Triumphal and memorial arches are indistinguishable in appearance, the only difference between them being their builders' sentiments.
Their index of builder sentiment rose to 46 points this month, up from 41 in October.
Home builder sentiment unexpectedly fell for a third consecutive month in August to its lowest level since March 2009, according to an industry survey.
But home builder sentiment was unchanged in February, stuck at a low level for the fourth month in a row as the housing market struggled to recover from its collapse, a survey released on Tuesday showed.
Builder sentiment dropped to a record low in October, according to the latest survey from the National Association of Home Builders, which said builder confidence had been shaken by the recent financial market troubles.
Look, housing stocks are a good buy, but they are because of their long-term value in a growing economy, not because builder sentiment changed one afternoon.
On Tuesday, the NAHB posted a reading of 15 on its index of home builder sentiment, the second-straight monthly decline and the lowest since last summer.
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