Interest Rate Roundup

Tuesday, August 15, 2006

Home builder index takes Acapulco cliff dive

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.


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