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Politics : Formerly About Advanced Micro Devices
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From: tejek11/17/2009 1:07:41 PM
   of 1577179
 
U.S. Nov. home builders' index flat at 17

By Rex Nutting

WASHINGTON (MarketWatch) - U.S. home builders remained discouraged about their business in November, but were a bit more hopeful about future sales, according to a monthly survey released Tuesday by the National Association of Home Builders. The home builders' sentiment index held steady at 17 in November, but October's index was revised lower to 17 from the 18 previously reported. Economists surveyed by MarketWatch were forecasting an improvement to 19. The survey had risen to 19 in September but fell in the past two months as it appeared that the federal $8,000 subsidy for first-time home buyers would expire on Nov. 30. The November survey was conducted before Congress voted to extend the subsidy to June and to expand it to some repeat buyers.
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