Confidence among U.S. homebuilders climbed in October to a 10-year high, a sign demand for housing may remain solid in the months to come.

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The National Association of Home Builders/Wells Fargo sentiment gauge increased to 64 this month, the highest since October 2005, from 61 in September, the Washington-based group reported Monday. Readings above 50 mean more respondents said conditions were good. Read More…