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Homebuilders losing confidence in the recovery

Post Time:Jul 20,2010Classify:Industry NewsView:120

Homebuilders are feeling increasingly pessimistic about their industry, more evidence that the economic recovery is slowing.

The National Association ofHome Builders said Monday[July 19]that its monthly reading of builders' sentiment about the housing market sank to 14 — the lowest level since March 2009. Readings below 50 indicate negative sentiment about the market, according to a July 19 AP report.

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Source: http://www.glassmagazine.com/news-item/commercial/homebuilders-losing-confidence-recoveryAuthor:

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