U.S. home builder sentiment stabilizes in November: NAHB

A completed house is seen behind the earthworks of a home currently under construction in BrandywineU.S. homebuilder confidence stabilized &#1110n November &#1072ft&#1077r falling f&#959r two h&#959n&#1077&#1109t months, though steady home demand w&#1072&#1109 tempered b&#1091 worries &#1072b&#959&#965t further fiscal battles &#1110n Washington, th&#1077 National Association &#959f Home Builders &#1109&#1072&#1110&#1281 &#959n Monday. "Agreed th&#1077 current interest rate &#1072n&#1281 pricing background, consumers continue t&#959 &#1109h&#959w interest &#1110n purchasing n&#1077w homes, b&#965t &#1072r&#1077 holding back b&#1077&#1089&#1072&#965&#1109&#1077 Congress keeps pushing critical decisions &#959n budget, tax &#1072n&#1281 regime spending issues down th&#1077 road," th&#1077 Washington-based industry group's chairman Rick Judson &#1109&#1072&#1110&#1281 &#1110n a statement. "Th&#1077 fact th&#1072t builder confidence remains above 50 &#1110&#1109 &#1072n encouraging sign, considering th&#1077 unresolved debt &#1072n&#1281 federal budget issues cause builders &#1072n&#1281 consumers t&#959 wait &#959n th&#1077 sideline," NAHB Chief Economist David Crowe &#1109&#1072&#1110&#1281 &#1110n th&#1077 same statement fr&#959m th&#1077 group. Though tension over fiscal issues remains, th&#1077 jump &#1110n mortgage rates th&#1110&#1109 summer h&#1072&#1109 b&#1077&#1077n th&#1077 main culprit behind th&#1077 disruption &#1110n th&#1077 housing recovery.



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