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Non-Tech : Banks--- Betting on the recovery
WFC 86.27+0.1%Nov 12 3:59 PM EST
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From: tejek6/15/2009 3:59:59 PM
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Home builders' index falls back to 15 in JuneExplore related topics

By Rex Nutting

WASHINGTON (MarketWatch) - U.S. home builders grew more pessimistic in June about sales over the medium term, sending their monthly sentiment index down one point to 15, the National Association of Home Builders reported Monday. It was the first decline in the index since January, when it fell to an all-time low of 8. At 15, the index shows that about one in six home builders thinks the market is "good." The index peaked at 72 four years ago and was at 18 a year ago.
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