Home builders index steady at record low in Nov. |
| MarketWatch - Nov 20, 2007 |
U.S. home builders remain pessimistic in November and are beginning to blame the news media for their woes.
The seasonally adjusted housing market index held steady at a record low of 19 in November from the previous month, the National Association of Home Builders reported Monday. It matches the lowest reading in the index since it was started in 1985.
Brian Catalde, a builder from El Segundo, Calif, complained that negative housing stories are having an impact on buyers.
"Builders are worried that the national media has tended to report negative housing stories as if there is one real estate market, when, in fact, there is no such thing -all housing markets are local," Catalde said in a statement.
Read Full Article from MarketWatch
- Posted: 2007-11-20 10:07:36
| More Stock Investor Place Financial News |
 |
|
|
|
| Stock Investor Place Financial News Archive |
|
|
|
