Things took a turn for the worse after the National Association of Homebuilders reported its July index of builder confidence.
FORBES
The last time the home-builder confidence index was above 50 was in April, 2006.
FORBES: Market Unconcerned With Housing Reversal
The home builder sentiment index fell in February after a several-month uptrend, and housing starts fell to 890, 000 in January after a surge in December.
FORBES: Fed Pats Itself On The Back For Housing Boost, Could Vary Asset Purchases
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