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U.S. housing recovery lifts economy amid steady gains
U S housing market shows solid October home sales gains and rising builder sentiment to a 46, the strongest since 2006. New home sales and price indexes hit multi year highs while Lowe s reports rising net income signaling benefits for home improvement retailers. Recovery supports jobs and consumption despite slower global growth and looming fiscal cuts.
MENTIONED IN THIS ARTICLE
Washington
U.S
Lowe's Cos
Joseph LaVergna
Deutsche Bank
Ers
National Association of Home Builders
Wells Fargo