NAHB: Homebuilder confidence dropsNews added by ProWEB Media on August 16, 2010
Gary Linnell

ProWEB Media

Joined: December 27, 2005

For the third consecutive month, homebuilder confidence has declined -- in part due to purchasers snatching up cheap foreclosed properties.

In fact, the National Association of Home Builders says its monthly index of builders' sentiment dipped to 13 -- the lowest reading since March 2009.

This figure is especially significant considering that a reading below 50 indicates negative sentiment about the market. However, the index hasn't been above 50 since April 2006.
The views expressed here are those of the author and not necessarily those of ProducersWEB.
Reprinting or reposting this article without prior consent of Producersweb.com is strictly prohibited.
If you have questions, please visit our terms and conditions
Post Press Release