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Monday, September 19, 2011

'Homebuilders' outlook gets even worse in September'

from usatoday........

"The National Association of Home Builders said Monday that its index of builder sentiment in September fell to 14 from 15. The index has been below 20 for all but one month the past two years. 


A reading below 50 indicates negative sentiment about the housing market. It hasn't reached 50 since April 2006, peak of the housing boom


Last year, the number of people who bought new homes fell to its lowest level in nearly a half-century. Sales this year haven't fared much better"............READ MORE

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