U.S. homebuilder sentiment rises to 11-month high

HOME CONSTRUCTION INCREASED IN AUGUST to its fastest pace since 2007, with both apartment projects and single-family homes showing strength despite greater fears of an economic slowdown. / BLOOMBERG NEWS FILE PHOTO/LUKE SHARRETT
HOME CONSTRUCTION INCREASED IN AUGUST to its fastest pace since 2007, with both apartment projects and single-family homes showing strength despite greater fears of an economic slowdown. / BLOOMBERG NEWS FILE PHOTO/LUKE SHARRETT
WASHINGTON – Sentiment among U.S. homebuilders climbed to the highest level in almost a year on stronger current sales momentum, adding to signs that lower mortgage rates are giving the industry a boost. The National Association of Home Builders/Wells Fargo Housing Market Index increased to 68 in September from an upwardly revised 67 in August, according…

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