NAHB Index Declines Again
September 18th, 2006 by 
reality
“Reflecting increasing builder concerns about conditions in the market for new single-family homes, the National Association of Home Builders Housing Market Index declined for an eighth consecutive month to a level of 30 in September. This amounted to a three-point drop from an upwardly revised 33 reading in August, and is the lowest level the index has reached since February of 1991.â€
And this bust is just getting started. The previous bust was well underway in early 1991.
Posted in Real Estate | 