Homebuilders’ confidence sinks rapidly in June

Posted June 15, 2010 at 9:16 a.m.

Associated Press | Homebuilders are losing confidence in the housing market now that government incentives that spurred home sales have ended. The National Association of Home Builders said Tuesday that its housing market index fell to 17 in June, sinking five points after two straight months of increases. It was the lowest level since March.

 

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