Homebuilders Index Falls to lowest level since 1991

NAHB writes:

"Reflecting increasing builder concerns about conditions in the market for new
single-family homes, the National Association of Home Builders/Wells Fargo
Housing Market Index (HMI) declined for an eighth consecutive month to a level
of 30 in September. This amounted to a three-point drop from an upwardly revised
33 reading in August, and is the lowest level the index has reached since
February of 1991."




Builder Confidence Slips Further in September
September 18, 2006   

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