Builder Sentiment Holds Steady

Noting that mortgage issues and excess inventory continue to impact home builders, the NAHB today announced that its Housing Market Index held steady in December, at a record-low of 19.

The NAHB/Wells Fargo HMI tracks builder perceptions and expectations of current and future single-family home sales. An index score of 50 denotes equilibrium between positive and negative assessments of the sales environment.

Builders' outlook on sales conditions has not changed in the last three months, with the HMI holding steady at its all-time low of 19 since October.

Read Full Article from Builder Magazine

- Posted: 2007-12-18 10:51:19

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