Homebuilder Confidence Plunges To 6 Month Low, Puts Housing "Recovery" Meme In Jeopardy

Monday, April 15, 2013

For the fourth month in a row, NAHB's sentiment index missed expectations. With 'real' data on the housing recovery beginning to fade, we now see confidence in the sustainability of the 'recovery' starting to fade. Today's NAHB print is the lowest in six months and is the fastest 3-month drop since June 2011.

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