U.S. Homebuilder Sentiment Declines
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Business & Economics
US homebuilder sentiment drops to seven-month low in March

80% Informative
The National Association of Home Builders/Wells Fargo Housing Market Index dropped three points to 39 this month .
Economists polled by Reuters had forecast the index at 42 .
It has erased all the gains booked in the aftermath of President Donald Trump 's election victory in November .
New home construction relies heavily on imported materials, including lumber, as well as household appliances.
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