Industry News

Builder confidence weakest in 16 years

Subprime lending, rising rates take a toll in June
Published on Jun 19, 2007

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by CareyBot

Builder confidence in June slid to its lowest level since February 1991 as concerns about subprime mortgage lending and rising prime mortgage rates soured the outlook for recovery, according to an industry index. The National Association of Home Builders/Wells Fargo ...

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