Homebuilders Index Falls to lowest level since 1991

Monday, September 18, 2006 | 03:51 PM

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!

Hmi_index_906_1




>


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)
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Comments

I'll speak to my breteren about raising teepee production asap.

Posted by: Chief Tomahawk | Sep 18, 2006 4:06:46 PM

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