Post Time:Jul 20,2010Classify:Industry NewsView:193
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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