Homebuilders Index Falls to lowest level since 1991
NAHB writes:
"Reflecting increasing builder concerns about conditions in the market for new single-family homes, the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) declined for an eighth consecutive month to a level of 30 in September. This amounted to a three-point drop from an upwardly revised 33 reading in August, and is the lowest level the index has reached since February of 1991."
Ouch!
>
Sources:
Builder Confidence Slips Further in September
September 18, 2006
http://www.nahb.org/news_details.aspx?newsID=3276
HMI Chart and Components
Data Source 9/18/2006
Monday, September 18, 2006 | 03:51 PM | Permalink
| Comments (16)
| TrackBack (0)
add to de.li.cious | 
digg this! | 
add to technorati | 
email this post
TrackBack
TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341c52a953ef00d834e9a90269e2
Listed below are links to weblogs that reference Homebuilders Index Falls to lowest level since 1991:
Comments
I'll speak to my breteren about raising teepee production asap.
Posted by: Chief Tomahawk | Sep 18, 2006 4:06:46 PM
The comments to this entry are closed.
