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SMALL BUSINESS
Builder sentiment index dips 1 point in January
AP
WASHINGTON -The National Association of Home Builders says its housing market index fell this month to the lowest level since last summer. The drop reflects fears that demand for new homes will be weak despite the extension of a federal tax credit for buyers.
The reading of 15 is the second-straight monthly decline and the lowest since June. It shows that builders are grim about their prospects even though Congress extended the deadline for a tax credit of up to $8,000 for first-time homebuyers and expanded it to include $6,500 for existing homeowners who move.
The index reflects a survey of 504 residential developers nationwide. Index readings below 50 indicate negative sentiment about the market.
Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
2010-01-19 14:39:40
COMMENTS ( 4 )
Your BRAND NEWLY CONSTRUCTED house, is going to be worth far less then the final cost of building it.
O'Bama is out of control and will bury this nation! Maybe the Right and Conservatives are right about O'Bama.
I am so sorry that l voted for him but l will not vote for him again and that you can go to the bank. In fact l will not vote for a Democrat also even though l never voted for a Republican before.
our government does the right thing.
The only people that have anything are government workers who are so grossly over paid with benefit's (health,dental, Rx) not to mention pensions which they pad during their last few years and healthcare until they die.
This doesn't make any sense and if something doesn't happen we are going to have an economic collapse and maybe another civil war.