P&S and STO Death Blow's Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : P&S and STO Death Blow's

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: DebtBomb	6/19/2006 2:42:03 PM
	of 30712

Home builder sentiment hits lowest in decade Rising interest rates make U.S. homes less affordable and keep investors from speculating on real estate. June 19, 2006: 1:51 PM EDT NEW YORK (Reuters) - U.S. homebuilder sentiment sank to its lowest in more than a decade in June as rising interest rates made homes less affordable and inhibited speculation by investors, according to an industry survey released on Monday. Sentiment among homebuilders fell 4 points to 42 in June from an upwardly revised 46 in May, trade group the National Association of Home Builders said. The median in a Reuters survey was for the index to hit 45. The Home Builders/Wells Fargo Housing Market Index registered its lowest level since April 1995. The drop was most pronounced in the Northeast, where the regional index fell 7 points to 40, the NAHB said. The index indicates a "reasonably orderly cooling-down" of the housing market, NAHB Chief Economist David Seiders said in a press release. New home sales are likely to fall 13 percent in 2006 from record levels last year, he said. money.cnn.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next