Aiiieeee!!! That's all I can say about the just-released numbers from the National Association of Home Builders. The NAHB's index plunged a whopping 7 points between July and August to 32. That's the lowest reading since early 1991 for this index. It's designed to measure buyer traffic, current builder sales, and the outlook for future sales.
posted by Mike Larson at
1:12 PM
Daily analysis of trends in interest rates, financial stocks, the economy, the housing market, and more. Disclaimer: The comments herein reflect personal opinions about the markets. Under no circumstances does this information represent a recommendation to buy or sell securities.
I've been researching and writing about the financial markets since 1997. I'm fascinated by interest rates, financial stocks, and the housing market -- and I'll do my best to keep you interested in them at this blog, too. Enjoy!
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