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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: regli who wrote (49769)4/17/2006 2:36:59 PM
From: mishedlo  Read Replies (1) of 116555
 
U.S. April home builders index falls to 50, 4-1/2 year low - By Rex Nutting

WASHINGTON (MarketWatch) - The U.S. housing market index fell by four points to 50 in April, the lowest level since the recession ended in November 2001, the National Association of Home Builders said Monday. A reading of 50 indicates builders' views about the market were evenly balanced between good and bad. The index was at 67 a year ago and has fallen 18 points in the past six moths. The survey shows builders are somewhat optimistic about the current sales climate and about sales in the next six months. But the traffic of prospective buyers at developments is not hopeful. Views of builders in the West and South, the hottest regions for new construction, remain positive.
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