I was just telling a colleague yesterday that I blame the all too recent meltdown and shutdown in Washington to be at least partially responsible for deterring any inkling of building markets moving forward in a more than negligible fashion while Washington took a…
The NAHB reported
This in turn affected builder confidence. The October NAHB/Wells Fargo Housing Market Index fell two points to 55 from a one-point downwardly revised September level of 57. The decline was broad based with a two-point fall in all three components: current sales from 60 to 58, expected future sales from 64 to 62 and traffic from 46 to 44. The index has remained above the tipping point of 50 for five consecutive months
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