April 15, 2009 / 5:05 PM / 10 years ago

U.S. home builder sentiment rises in April

Houses under construction are seen in Fontana, California in this picture taken February 5, 2009. REUTERS/Mario Anzuoni

WASHINGTON (Reuters) - U.S. homebuilder sentiment rose in April to its highest level since last October, the National Association of Home Builders said on Wednesday.

The NAHB/Wells Fargo Housing Market index rose to 14 from 9 in March, emerging from single-digit territory for the first time in six months, the group said in a statement. April’s increase was the largest one-month gain since May 2003.

Reporting by Lucia Mutikani; Editing by Chizu Nomiyama

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