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U.S. homebuilder sentiment drops; NAHB/Wells Fargo index falls in September

The National Association of Home Builders reported homebuilder sentiment deteriorated in September, with the NAHB/Wells Fargo housing market index pulling back to a one-year low.

S. weakened much more than expected in September. released Wednesday by the National Association of Home Builders. The NAHB/Wells Fargo housing market index fell to 32 in September.