Tuesday, May 15, 2007

Home builder sentiment sinks to 15-year low

(Reuters) - The NAHB/Wells Fargo Housing Market index dropped three points to 30 in May, matching the 15-year low set in September 2006, the group said.

Economists polled by Reuters had forecast the index would stay at April's 33 reading. The index stood at 46 last May.


Read more at Reuters.com Business News

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